I bought because FB was upgraded by GS, DB and much others. Its price target is actually $34.50
I and all my friends don't want to be deceived one more time: first, in the IPO and now with this price targets. Because there will be no third possibility and we are a lot and we are professionals in advertising and propaganda.
FB is down because it is associated with GOOG and trades in ETF with GOOG, etc. That is my opinion. I'm picking some up today in the low 28's. Their earnings report wasn't great but it is not unusual when a company is just starting up to spend a lot during the buildout so expenditures are generally high. This is expected imo! Should be back above $30 soon!