Facebook shares drop to new low

By +Frank B.
in Back Page News

 Share

Recommended Posts

Grand Master

+Frank B. Subscriber²

Posted
  • Subscriber²
Posted

Facebook shares drop to new low

Shares in Facebook have fallen to a new low, as investors react to the social network's first set of results since its flotation.

Late Thursday, in its first report as a public company, Facebook said it lost $157m (?100m) from April to June.

Its shares plunged more than 16% to $22.37 when trading began in New York on Friday, worse than the declines seen in after-hours trade on Thursday.

Facebook shares were priced at $38 when it listed on the Nasdaq in May.

Monetising mobile

Facebook's results on Thursday showed that revenue in the second quarter of the year had grown 32% to $1.18bn, just beating forecasts. But analysts at Piper Jaffray said it appeared investors wanted "more than a slight beat".

The number of monthly active users (MAUs) rose 29% from the same period last year to 955 million, but some analysts question the reliability of this data given the number of fake profiles on the social network.

The number of people who logged in daily to Facebook's site from their mobile devices surged 67% year-on-year to 543 million.

But the company has yet to resolve how it generates profits as users move from the computer desktop version to accessing the site via mobile phone.

"We don't view these results as dramatically good or bad," said Citi analyst Mark Mahaney.

"Key questions remain: the future of Facebook mobile monetisation and the future of Facebook user engagement."

Source: BBC News

Link to comment
https://www.neowin.net/forum/topic/1094361-facebook-shares-drop-to-new-low/
Share on other sites
Grand Master

TEX4S

Posted
Posted

LAWL Still haven't sunk as much as Zynga but it's a start.

This makes me really happy.

Why does it make you happy ? Do you not like the site, not like Zuckerberg, or not like the market value of fb ?

Personally, I dont use fb - but I dont think I'd be happy if they went belly up. Now I was happy to hear of Zynga's fall because I thought the IPO was ridiculous.

Grand Master

+Warwagon MVC

Posted
  • MVC
Posted

I dont have a problem with the company, it's the people that made me stay off of it.

Today sucks LOL - 8 likes

I'm drunk, wheaz my keys to me car - 20 likes

about to have sex with a virgin, dont need a condom LOL! - 30 likes

I just found out my best friend only has 6 months to live - 35 LIkes.

Mentor

Skin

Posted
Posted

Why does it make you happy ? Do you not like the site, not like Zuckerberg, or not like the market value of fb ?

Personally, I dont use fb - but I dont think I'd be happy if they went belly up. Now I was happy to hear of Zynga's fall because I thought the IPO was ridiculous.

You question a person enjoying it failing, say you wouldn't be happy about it failing, then say you were about another one failing.. :|

anyhoo, this crap was overpriced by about 34 some dollars. Very overpriced. Of course the 'owners' got while the getting was good, so they could pump up some interest and make money before the fad dies out. This will go the way of VHS, Deloreans, dinosaurs and the middle class - and somtthing else will spring up to take over the minds of the poor masses.

Grand Master

dead.cell

Posted
Posted

I dont have a problem with the company, it's the people that made me stay off of it.

Today sucks LOL - 8 likes

I'm drunk, wheaz my keys to me car - 20 likes

about to have sex with a virgin, dont need a condom LOL! - 30 likes

Hate when I read posts like this. You can A) unsubscribe from their posts, B) remove them from your list of friends, or C) get some better friends... Blame a website because you have a poor group of friends, 'the hell man...

This topic is now closed to further replies.
 Share
Go to topic listing

  • Posts

    • Windows 11 is now five years old

      By tsupersonic · Posted

      hands down the worst version of Windows to date and sadly I think it's only downhill from here
    • Grand Theft Auto VI pricing revealed alongside Ultimate Edition and pre-loading details

      By stevember · Posted

      I've never known a release to have so much pressure than this one. There is so much riding on the whole games industry because of everything that's changed in the past five years. That if this is a complete flop then I think the whole games industry is done unless something radically changes.
    • Windows 11 is now five years old

      By TarasBuria · Posted

      Windows 11 is now five years old by Taras Buria Windows 11 is now half a decade old. Five years ago, on June 24, 2021, Microsoft announced its latest operating system, designed to "bring you closer to what you love." Today, Windows 11 celebrates its fifth birthday. The launch of Windows 11 was interesting. Rumors about Microsoft introducing a Windows 10 successor popped up weeks before the public announcement, and a few days later, an entire preview build leaked online, allowing everyone to take a peek at what Microsoft was preparing. A few weeks later, Microsoft confirmed that Windows 11 was a thing and officially unveiled its next-gen operating system. Early versions of Windows 11 promised quite a lot. A redesigned, more modern user interface, a brand new Start menu and taskbar, improvements to virtual desktops and window snapping, Android app support, Teams integrated into the taskbar, Windows Widgets, a new version of the Microsoft Store, improved security, and more. Some of those features were welcomed, while others were received with heavy criticism. Besides missing taskbar and Start menu features, many disliked the steep hardware requirements, which kicked out PCs that were back then still perfectly fine. TPM and Secure Boot became mandatory, causing a spike in sales of dedicated TPM chips for motherboards. Double-layered context menus were disliked as well, and it is something that Microsoft still has to fix. Additionally, with time, some of Windows 11's exclusive features were simply killed. Microsoft removed the Teams integration and discontinued Android app support. During the early days of Windows 11, Microsoft was quite unwilling to address things that users criticized most. After four years on the market, management changes, and heated competition from the Mac camp, Microsoft finally decided to give in and take its operating system back to the drawing board to fix everything users had been complaining about for years. Microsoft is now redesigning the Start menu, adding missing taskbar features, improving Windows Update, fixing Windows 11's context menu, and more. Some believe all that warrants a new Windows 12 release, but for now, it appears that Windows 11 will stick around for a while. With Microsoft now listening to its core audience and acting upon received feedback, fans can finally expect a much better version of Windows 11 than what was available five years ago. Here is to five more years, Windows 11!
    • Grand Theft Auto VI pricing revealed alongside Ultimate Edition and pre-loading details

      By branfont · Posted

      I haven't played GTA since 1 & 2 on PC.
    • Grand Theft Auto VI pricing revealed alongside Ultimate Edition and pre-loading details

      By TheGhostPhantom · Posted

      It’s a code which will be connected to your account. You can share the box but that would be sort of pointless.

  • Recent Achievements

    • Week One Done
      Wavespace earned a badge
      Week One Done
    • One Year In
      OHI Accounting earned a badge
      One Year In
    • First Post
      Almohandis earned a badge
      First Post
    • Rookie
      DaviKar went up a rank
      Rookie
    • Dedicated
      HidekoYamamoto94 earned a badge
      Dedicated

  • Popular Contributors

    1. 1
      +primortal
      463
    2. 2
      +Edouard
      176
    3. 3
      PsYcHoKiLLa
      122
    4. 4
      Michael Scrip
      82
    5. 5
      Xenon
      75
    Show More

  • Tell a friend

    Love Neowin? Tell a friend!