The U.S. Day Ahead: Facebook's still thinking way too small
Tuesday, April 30, 2013 - 02:05
April 30 - Ahead of Wednesday's earnings, one analyst tells Insider Facebook has to think beyond just using customer data for advertising on its own site.
▲ Hide Transcript
▶ View Transcript
Facebook's mobile -- success could hit a wall when it reports earnings revenues are expected to jump by almost 20%. That's a far cry from when it doubled in the previous quarter. Also there's still no escaping the fact that shares or nearly 30% below its 38 dollar IPO price. One analyst says the number one social network site is still thinking wait too small. The one that they need to go after soon. He's using what they know about that people who use FaceBook as a site as a media property using that information on on their audience to target better ads to those people. Everywhere not just on FaceBook dot com not just on FaceBook home with a mobile properties using that information target that are -- when people visit on the web sites. Expect the Fed to keep the printing presses cranking after wrapping up its latest policy meeting. It's very unlikely -- Ben Bernanke will slow down 85 billion dollar month bond buying program. After weak job in GDP numbers. Reuters economics editor Dan burns says pay attention to their description. Of the economy. What will be interesting in the statement that was to see what kind of blame they place for the recent soft patch and data are they gonna put it at the -- sequestration. Are they gonna -- point the fingers back in Europe. It'll be interesting to see if they really describe it as a temporary patch and we see X our growth re accelerating -- or whether they see something more substantial confronting US economy. And Reuters -- correspondent under the constant will be live from inside the Treasury Department at 2 PM eastern with details of the Fed policy statement. Your day ahead digit is fifteen point two million. -- -- -- vehicles are sold in April according to our experts that I have far that's the slowest sales growth in six months. Especially worried that sales comes in below fifteen million obvious strong sign Americans are too cautious to shell out for big ticket items. Follow us on Twitter at Reuters Insider and get more or videos at Reuters dot com slash Reuters TV I'm Fred Katayama this is what.
Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code