Facebook on Tuesday dropped 6.2 percent to a record low, the third straight day of declines after the world’s largest social-networking service reported second-quarter results that showed slowing growth.
Facebook on Tuesday dropped 6.2 percent to a record low, the third straight day of declines after the world’s largest social-networking service reported second-quarter results that showed slowing growth.
Shares slumped to $21.71 as of the close in New York, the lowest closing price since Facebook held an initial public offering on May 17. Facebook disappointed investors last week when it reported sales growth of 32 percent, down from 45 percent in the first quarter.
News Tribune news services
The Facebook polls have closed and, even though the social network had its biggest turnout ever, too few users cast ballots to have a say in the company’s proposed policy changes.
Too much drama, boredom and scads of irrelevant information are just some of the reasons Facebook users give for taking a break from the world’s biggest social networking site for weeks at a time, according to a new study.
NEW YORK – Facebook delivered fourth-quarter results above Wall Street’s expectations Wednesday and said its mobile ad revenue — a closely watched figure — is growing.
Facebook Home was introduced with much fanfare one month ago. So far it has not lived up to the hype.
NEW YORK — A year ago, Facebook was just testing the waters of mobile advertising, causing plenty of headaches for investors ahead of its massive initial public offering.
JOIN THE DISCUSSION | Register here
We welcome comments. Please keep them civil, short and to the point. ALL CAPS, spam, obscene, profane, abusive and off topic comments will be deleted. Repeat offenders will be blocked. Thanks for taking part — and abiding by these simple rules. A thorough explanation of rules of conduct can be found in our Terms of Service. If you have any questions, including why your comment may not be showing immediately after you submit it, be sure to visit the commenting FAQ.