Long In The Face – Facebook Is A Good Long Term Investment: Jefferies

Facebook Inc (NASDAQ:FB) is undergoing a sort of resurgence in recent weeks. A new slew of reports on the companies future have been released and a new investment thesis-narrative has raised its head. The general vein of these reports, is exemplified by a report published by Jefferies yesterday. The report follows in the footsteps of many similar recent publications that suggest Facebook as a bad short term investment, but a great long term investment. Short term pressures stem from the expiration of several lock up periods in the coming months. The increase in supply of shares expected from sell off…