Media News - Friday, July 27, 2012
Facebook shares plummet in earnings letdown
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)
Subscribe
Join our Media News mailinglist with over 12.000 subscribers.
Search archive
The Media News archive contains over 15.000 items so it is advised to narrow your search.
Time Machine
| May 2013 | ||||||
|---|---|---|---|---|---|---|
| S | M | T | W | T | F | S |
| 1 | 2 | 3 | 4 | |||
| 5 | 6 | 7 | 8 | 9 | 10 | 11 |
| 12 | 13 | 14 | 15 | 16 | 17 | 18 |
| 19 | 20 | 21 | 22 | 23 | 24 | 25 |
| 26 | 27 | 28 | 29 | 30 | 31 | |
Syndicate
Popular articles
- WikiLeaks announces partnership with Brazilian investigative journalism center
- Acclaimed photo was faked
- Euronews launches Arabic feed
- Iran: Leading women’s magazine forced to close
- US: Nonprofit website plans watchdog journalism for Orange County
- New website reaches out to EU Neighbourhood Journalists
- Internet censorship plagues journalists at Olympics
- Sweden: Tax on press advertising to be abolished
- MySpace opens doors to developers MySpace webpage
- Startup lets public test conversational Web search