Media News - Friday, July 27, 2012
On Thursday Facebook lost 18 percent of it's stock value causing investors to flee, even as Facebook Chief Executive, Mark Zuckerberg, spoke of the potential growth prospects to industry analysts. To date, Facebook shares have lost a total of 37 percent of their value. Chief Financial Officer, David Ebersman stated, "Obviously we're disappointed about how the stock is traded, but the important thing for us is to stay focused on the fact that we're the same company now as we were before." With nearly one billion users worldwide, Facebook is facing a slowdown in growth. Analysts speculate that the real issue is whether the company can keep users glued to the site and profit from them by offering targeted advertisements, particularly on mobile devices. (The New York Times)
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