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Facebook Frenzy Continues: Tech Weekly

Tickers in this article: YHOO AAPL CSCO PCLN RAX

NEW YORK ( TheStreet) -- The Facebook frenzy continued this week, as the social networking giant caused yet more commotion ahead of its IPO later this month.

With the Facebook IPO imminent, Wall Street analysts are flocking to rate the social networking phenomenon.

Several analysts, including Wedbush's Michael Pachter, put ratings on Facebook, noting that the company holds tremendous amounts of data that it could turn into major revenue. One analyst went so far as to say Facebook could have as much as 65% upside .

Sterne Agee analyst Arvind Bhatia noted that advertising is a $600 billion market, and Facebook is playing the role of disruptor thanks to its 900 million users. Other factors include Facebook's ability to monetize mobile, its placement in China and the company's potential to grow average revenue per user.

Facebook started its IPO roadshow this week, kicking off in New York City, then heading up to Boston. CEO Mark Zuckerberg, COO Sheryl Sandberg and CFO David Ebersman attended the New York event, while Sandberg and Ebersman represented the company in Boston.

Facebook is expected to price its IPO on Thursday after the close of trading and will start trading Friday morning on the Nasdaq under the ticker symbol "FB," pending Securities and Exchange approval.

Apple(AAPL) was in the news this week (but then again, when isn't it?) amid chatter about potential carrier subsidy cuts.

Rumors of a 7-inch iPad, a lower-priced MacBook Air, and a T-Mobile iPhone were also part of the news flow this week.

Steve Jobs as a Ghostbuster and new maps added to iOS 6 were additional nuggets for Apple investors to chew on.

Shares of Apple gained 0.3% this week to close at $566.71.

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It was a busy, albeit mostly negative, week for Yahoo!(YHOO) , as the controversy over CEO Scott Thompson's credentials turned ugly.

On Monday, Third Point's Dan Loeb sued Yahoo! , requesting information regarding the Thompson hiring process.

Yahoo! responded on Tuesday, announcing that it has formed a committee and hired legal counsel to look into Thompson's academic background. Yahoo! also announced that director Patti Hart, who led the search committee to find Thompson, will not stand for re-election to the board.

That prompted activist investor Loeb to respond on Wednesday, releasing a letter calling for Thompson to be fired following the disclosure that his educational background was not what it seemed. "It appears very clear to us -- and to many corporate governance experts, Yahoo employees, and fellow Yahoo shareholders -- that Mr. Thompson's fantasy degree was in no way an 'inadvertent error,'" Loeb wrote in the letter. "The evidence shows he had been using false credentials for years. Mr. Thompson's 'apology' was clearly insufficient and it seems that the only thing he actually regrets is that he has been caught in a lie and publicly exposed."