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[DM] Facebook braces itself for disastrous first quarter losses since IPO valued company at $100bn

post #1 of 32
Thread Starter 
Quote:
Facebook is expected to post losses when it declares its first quarterly earnings this week since going public.

The technology giant's disappointing performance follows on from one of the most closely watched initial public offerings of all time in May.

Since being launched, however, Facebook shares have fallen in value and closed on Friday at $28.76 (£22.38) - almost $10 below their initial price.

L. O. L.

Source

And yes, that is Facebook blue..

Mod edit: Please use quotes for snippets from news articles.
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post #2 of 32
Nothing less than I expected. Anyone who actually purchased shares obviously was living in a dream world mislead by news corporations and the Internet.
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post #3 of 32
Yeah,was to be expected this will eventually start happening,no suprises.

Also,the blue was a nice touch thumb.gif
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post #4 of 32
Oh dear...
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post #5 of 32
I suppose that is what happens when a website goes public about 3 years too late.
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post #6 of 32
my side hurts now...
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post #7 of 32
Maybe facebook can fall and we can get something new that has minor customization (no myspace nuttery), better privacy controls, and nice/shiny.
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post #8 of 32
you know what they say when stock drops $10 in one quarter?
Warning: Spoiler! (Click to show)
buy buy buy buy buy buy buy buy buy buy buy buy buy buy buy buy buy buy buy buy
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post #9 of 32
There's limited growth for Facebook. There's only so many people in the world. And I just read elsewhere membership is on the decline.
post #10 of 32
Funny enough the initial Rumor IPO was at 28$ so their analysts called it right. For some stupid reason they bumped it to 38$ right before they went public. Whoever made that call should be beat senseless me thinks. Unless they foresaw this and were trying to inflate the price to have it settle at their estimated in house spot.
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