NEW YORK (
was a loser in premarket trading on Thursday, falling 1.18% to $31.85 as investors responded to analysts'
of the company's prospects.
Wednesday was the first day that companies involved in underwriting the
could issue recommendations on Facebook. Shares of the social networking phenomenon closed down 2.63% in Wednesday trading after a slew of analyst reports struck a generally cautious tone on Facebook.
Facebook shares are down more than 15% since the company's
Shares of key Facebook partner
were also pressured in premarket trading on Thursday, down 1.07% to $5.57.
Investors were underwhelmed by the social gamer's
event earlier this week, which saw Zynga announce several new games and a new social network.
Zynga shares closed down 2.34% on Wednesday.
, which announced plans for a new corporate structure early on Thursday, slipped 0.64% to $54.56 before market open.
Embattled Canadian handset maker
Research In Motion
, which reports its first-quarter results after market close, was up 0.33% to $9.21 in premarket trading.
Analysts surveyed by
are looking for RIM to report a loss of 1 cent a share on revenue of $3.11 billion, compared to earnings of $1.33 a share and sales of $4.9 billion in the same period last year.
will be live-blogging RIM's first-quarter earnings, starting at 3:45 p.m. EDT.
--Written by James Rogers in New York.
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