Thursday, July 26, 2012

More Grim News: Facebook Growth Slows Again; Shares Fall 10%




From WSJ: Facebook Inc. met Wall Street's tempered expectations in its first quarterly report as a public company, but its stock fell 10% in after-hours trading as its growth continues to slow down.

The social networking company reported a second-quarter loss of $157 million mainly due to high costs related to stock-based compensation expenses. Excluding those extraordinary costs, the company's adjusted earnings were $295 million, or 12 cents a share, in line with ...

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