Facebook shares recover as investors shrug off falling usage
(Reuters) - Facebook Inc shares steadied on Thursday after wobbling in the wake of post-earnings comments by company executives about slowing use and a strategy of not increasing the frequency of ads shown to users.
Facebook shares breached the $50 mark in heavy premarket trading after at least 10 Wall Street analysts raised their price targets, to as much as $63. The stock has nearly doubled in value this year.
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