Of course the company is going the way of Myspce. The whole company model is flawed. So Facebook has reported its first earnings report as a public company. And investors apparently didn’t like what they saw.
Even though the company essentially met analyst estimates for revenue and adjusted earnings per share, the social network’s shares tumbled more than 10 percent in after-hours trading, falling at one point below $24 a share. That’s an all-time low in Facebook’s two-month existence as a publicly traded corporation.
- Daily Report: Worries for Facebook in Zynga’s Earnings – NYTimes.com (stoweboyd.com)
- Yahoo and Facebook Settle Patent Lawsuits – NYTimes.com (nadernazemi.com)
- Despite hitting its earning projections, Facebook stock falls to a new low at $25 (thenextweb.com)
- Facebook stock hits new low of $24 after its first earnings report (venturebeat.com)
- Taking a Risk, and Hoping That Lightning Strikes Twice – NYTimes.com (nadernazemi.com)