Facebook Gets an Important "Like"

Before you go, we thought you'd like these...
Before you go close icon

Last week, UBS analyst Eric Sheridan upgraded his rating on Facebook from "neutral" to "buy," citing an improved profit outlook for the second half of the year. Driving this upgrade is his belief that the social media giant will further monetize its user base by expanding into more ad markets -- notably video and through Instagram. These moves should help Facebook become more competitive with Google , which currently owns the mobile ad space.

In the video below, Fool.com contributor Doug Ehrman discusses some of the developments at both Facebook and Google, and why this nod for Facebook is so important.

It's incredible to think just how much of our digital and technological lives are almost entirely shaped and molded by just a handful of companies. Find out "Who Will Win the War Between the 5 Biggest Tech Stocks?" in The Motley Fool's latest free report, which details the knock-down, drag-out battle being waged by the five kings of tech. Click here to keep reading.

The article Facebook Gets an Important "Like" originally appeared on Fool.com.

Fool contributor Doug Ehrman has no position in any stocks mentioned. The Motley Fool recommends Facebook and Google. The Motley Fool owns shares of Facebook and Google. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

People are Reading