The FMHR traders discuss May's market performance and Facebook's fair value, with Aswath Damodaran, NYU Stern School of Business professor. "I'm not surprised at all at the shift in momentum, I'm just surprised it happened so quickly after the IPO," says Damodaran. CNBC's Steve Liesman also reports on disappointing Q1 economic data.
General Motors is working out how it will spend the money saved by scrapping ads on Facebook and pulling out of the Super Bowl. But it has decided that at least some will go toward a five-year deal to make Chevrolet the official automotive sponsor of Manchester United, the popular British soccer club.
U.S. stock index futures pared their early Thursday following a pair of weak jobs data and after news the economy grew at a slower pace than expected.
Where would Facebook trade if it had the same valuation as Apple - or as Google?