Morning Movers: Facebook, Expedia

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Oct. 31 (Bloomberg) -- Bloomberg's Scarlet Fu, Sara Eisen and Tom Keene highlight the news you need to follow for today's trading. They speak on Bloomberg Television's "Bloomberg Surveillance."

We need to start with facebook.

It has been back and forth since yesterday.

It is currently up by almost three percent -- 3%. it gave up all of its gains after the cfo made some can't meant -- comments on the conference call.

Younger teens are not using facebook is much as they used to.

Investors have gone back to pushing the stock a bit higher.

I need to be delicate here.

Abby joseph cohen is with goldman sachs.

You can talk about twitter, i understand that -- can't talk about twitter, i understand that.

Did we learn a lot from facebook , where we are going to have a more conservative capital raising efforts by other companies?

I think we learned a lot from the early 2000's, when companies came to the market to send -- too sonnon.

There is a big change in the ipo's that are taking place now.

The problem with facebook is that it came to market too late.

It held off for far too long.

She can't discuss it.

Have you ever worn a hoodie?

My company was not -- really?

We are digging a six-foot grave fear.

-- here.

Expedia came out with results.

Its bookings increased 50%. the number of nights customers book at a hotel has increased 20%. i've never book a hotel room online.

How do you book your hotel room stomp?

-- tom?

I just, people.

[laughter] i have never done it.

Most people do it.

Actually i never take a vacation.

Perhaps it is because of the overall economy.

Abby joseph cohen, that is certainly a positive signal.

We're certainly seeing an increase in spending on services in the last year or so.

People look at travel as an important discretionary item.

Something that allows them to visit friends and families.

This text has been automatically generated. It may not be 100% accurate.


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