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Facebook stock slides after analysts' downgrades

Published on NewsOK Modified: February 12, 2013 at 5:34 pm •  Published: February 12, 2013
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"Yet, the question Facebook has yet to answer is how mobile is affecting aggregate engagement, meaning total time spent on a monthly basis," Greenfield added. "We suspect the more consumers shift to mobile, the less total time they are spending with Facebook."

Facebook declined to comment. The company says it does not comment on stock price movements or analyst reports.

STOCK MOVEMENT: Facebook shares fell 89 cents, or 3.2 percent, to close at $27.37. The stock has lost close to 12 percent so far this month after enjoying an upswing since last October. Facebook went public at $38 last May and has not hit that price since.