It appears you have not yet registered with our community. To register please click here...

 
Go Back [M] > Madshrimps > WebNews
Facebook loses another $10 billion in value Facebook loses another $10 billion in value
FAQ Members List Calendar Search Today's Posts Mark Forums Read


Facebook loses another $10 billion in value
Reply
 
Thread Tools
Old 30th July 2012, 10:50   #1
[M] Reviewer
 
Stefan Mileschin's Avatar
 
Join Date: May 2010
Location: Romania
Posts: 148,055
Stefan Mileschin Freshly Registered
Default Facebook loses another $10 billion in value

Investors have been giving Facebook a caning after its Thursday results and wiped $10 billion off the value of the social networking giant in the last few days.

If you hadn't listened to TechEye and actually believed that Facebook was really worth $100 billion in May, you would now have half the amount of cash you had invested.

After a whopping 17 percent slide, Facebook's market capitalisation is now $48 billion.

Those who see the glass half full can take satisfaction in the fact that CEO Mark Zuckerberg has lost $2.3 billion over the weekend. But that will not bring as much happiness to investors that it does to us.

Zuckerberg might be wondering what Wall Street is playing at. His company managed to beat revenue expectations. However the problem is still that he can't reassure investors about the company's future.

Those who invested in it thinking that the company was worth $100 billion expected that it would make record growth, something which was unlikely.

We have been consulting the tarot cards and think that Facebook shares will fall to around $21 before the company stabilises.

The poo will hit the fan on August 19 when some early investors will be able to sell shares, potentially flooding the market with stock.

http://news.techeye.net/internet/fac...llion-in-value
Stefan Mileschin is offline   Reply With Quote
Reply


Similar Threads
Thread Thread Starter Forum Replies Last Post
Facebook loses $157 million in second quarter Stefan Mileschin WebNews 0 30th July 2012 09:23
Intel reports Q2 earnings: rakes in $13.5 billion, pockets $2.8 billion Stefan Mileschin WebNews 0 18th July 2012 09:13
App Store hits 650,000 apps, 30 billion downloads, $5 billion doled out to developers Stefan Mileschin WebNews 0 12th June 2012 07:39
Facebook loses friends in Germany over privacy breaches Stefan Mileschin WebNews 0 9th March 2012 08:08
Apple loses against Samsung down-under Stefan Mileschin WebNews 0 2nd December 2011 10:57
Facebook-to-Facebook Calling From Within Skype Stefan Mileschin WebNews 0 18th November 2011 07:18
AMD loses CPU market share jmke WebNews 0 6th August 2009 15:12
Seagate First to Ship 1 Billion Hard Drives; Expects Next Billion Within Five Years jmke WebNews 1 23rd April 2008 15:18

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


All times are GMT +1. The time now is 18:26.


Powered by vBulletin® - Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO