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[Charles Living]

"Facebook Could Bounce on ‘Want’ Button: Munster" - Yea Right lol

They said $30 was a fair valuation, then $20 was the bottom, and now $18? When will these personalities/analysts ever own up to their bad calls? Maybe after getting it wrong so many times, they'll eventually get it right? LOL

Published: Thursday, 30 Aug 2012
By: Bruno J. Navarro

Word that Facebook [FB 18.058 -1.0305 (-5.4%) ] is developing a “want” button makes the stock a “buy,” Piper Jaffray’s Gene Munster said Thursday on CNBC.

“The basic concept is this will allow Facebook to get a better handle of what people are actually wanting to buy. This is more analogous to what Google [GOOG 685.09 3.41 (+0.5%) ] is going with search,” he said on “Fast Money.”

Munster said leaked API code for the social media site suggests that the company is working on a new feature that would impact its bottom line.

“This is a whole level of monetization that no one’s talking about, that ultimately we think that Facebook will be involved in,” he said. “So they’re going to get mobile right but I think this ‘want’ button at least is going to lay the groundwork for investors to have some form of confidence that Facebook is not just doing this for the social good.”