Facebook is a failed stock.
Following an earnings report that failed to excite, Facebook’s shares fell 11.7% to $23.70 on Friday, a new closing low.
- Facebook Narrowly Beats Revenue Expectations; Market Isn’t Impressed (npr.org)
- Silicon Valley’s second post-Facebook IPO, E2open, falls in debut (mercurynews.com)
- Facebook shares plunge as revenue growth skids (todayonline.com)
- Facebook revenue growth skids, shares plunge – Reuters (in.reuters.com)