Facebook has reported a $157m (£100m) loss on payments to shareholders such as chief executive Mark Zuckerberg in its first results since its eagerly anticipated stock market listing in May.
Second quarter costs and expenses nearly quadrupled, up 295% to $1.93bn from the same period last year.
Excluding staff share schemes, Facebook would have made a profit of $295m.
http://www.bbc.co.uk/news/business-19004005
Goldman deal values Facebook at $50bn
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Facebook down 15% today! Hit $22.28 earlier down from a high since flotation of $45, so a 50% fall from its highs
You have to seriously question the wisdom of these so called experts when you see stories like this: -
Swiss lender, UBS lost 349m Swiss francs ($356m) by investing in Facebook shares, more than halving its profits.
http://www.bbc.co.uk/news/business-19059303
Swiss lender, UBS lost 349m Swiss francs ($356m) by investing in Facebook shares, more than halving its profits.
http://www.bbc.co.uk/news/business-19059303
- superfrank
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despite the armies of analysts etc. i suspect their long-term fundamental investing analysis is no better than the average Joe who does his homework.Euler wrote:You have to seriously question the wisdom of these so called experts when you see stories like this: -
Swiss lender, UBS lost 349m Swiss francs ($356m) by investing in Facebook shares, more than halving its profits.
http://www.bbc.co.uk/news/business-19059303
these big banks make all their money from short-term trading (on inside info and getting the news first and free money from governments).
That's near as dammit a 50% fall on its price at the IPO.
http://uk.finance.yahoo.com/echarts?s=F ... =undefined;
Jeff
http://uk.finance.yahoo.com/echarts?s=F ... =undefined;
Jeff
andyfuller wrote:Sub $20 now!
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Good to see that they have finally managed to create a decent app for the iPad. The old app was a disgrace, no wonder they are struggling with the mobile medium.
- superfrank
- Posts: 2762
- Joined: Fri Aug 14, 2009 8:28 pm
Facebook hits new low as targets slashed
http://www.marketwatch.com/story/facebo ... ry_popular
http://www.marketwatch.com/story/facebo ... ry_popular
In morning trades, Facebook (FB -5.40%) shares fell more than 4% to $18.31. This represented an all-time low for a stock that has steadily been losing ground since its high-profile IPO in May, with the company’s market value now less than half the level set by its debut price of $38 per share.
Facebook 'immoral' for paying tax bill of £238,000 - http://www.telegraph.co.uk/finance/news ... 38000.html
'Facebook has been accused of "immoral" behaviour after accounts showed that the social media giant paid a corporate tax bill of just over £238,000 last year, despite estimated revenues of £175m.'
So, percentage wise, a McDonald's burger flipper pays much more tax relative to his income than one of the world's largest corporations...
Jeff
'Facebook has been accused of "immoral" behaviour after accounts showed that the social media giant paid a corporate tax bill of just over £238,000 last year, despite estimated revenues of £175m.'
So, percentage wise, a McDonald's burger flipper pays much more tax relative to his income than one of the world's largest corporations...
Jeff
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God knows what is going on at Facebook but the app for the iPad has become more and more terrible of late. The latest update has made it of no use at all. You select To display recent stories and you get really old one!andyfuller wrote:Good to see that they have finally managed to create a decent app for the iPad. The old app was a disgrace, no wonder they are struggling with the mobile medium.
One look at the review section in the App Store and you see heaps of comments saying along the lines 'it is reasons like this that we are switching to twitter'
It's dying a death!
facebook 09th November trading at $19.935 strange its executives keep dumping shares http://www.forbes.com/sites/nathanvardi ... ook-stock/
Meanwhile for someone who mentioned betfair it has today just announced 50 redundancies.
Meanwhile for someone who mentioned betfair it has today just announced 50 redundancies.
- superfrank
- Posts: 2762
- Joined: Fri Aug 14, 2009 8:28 pm
How about this for a previously over-valued company?
http://uk.finance.yahoo.com/echarts?s=Y ... =undefined;
Hibu Plc is formerly known as Yell, and publishes the Yellow Pages (as well as offering various internet-related services). It was floated in 2003 for £2 billion.
Jeff
http://uk.finance.yahoo.com/echarts?s=Y ... =undefined;
Hibu Plc is formerly known as Yell, and publishes the Yellow Pages (as well as offering various internet-related services). It was floated in 2003 for £2 billion.
Jeff