Media Tech
  • Facebook shares hit a new low today, as investors and analysts expressed concerns that companies will cut down advertising on the social media site. Shares dropped approximately 4% as of 12:15 pm. Several brokerages cut their price targets on the company shares, saying that lock-up expirations in the upcoming year will affect the share price.

    • Facebook hits new low after price target cuts [The Globe and Mail]
    • Market Extra: Facebook hits new low as targets slashed [MarketWatch]
  • Doximity, the social media network for doctors, raised $17 million in a second round of funding. The news comes a few months after the company announced that Linkedin cofounder Konstantin Guerick would be joining the company. Morgenthaler Ventures led the financing round.

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