Zuck has bad quarter at worst time. Facebook posted its first-ever quarter-over-quarter revenue decline in the first three months of the year — despite its best efforts to bolster its ad business ahead of its upcoming public offering.
Or as one analyst put it: Its most important quarter ever,
blown.
Mark Zuckerberg’s social network saw revenue slip to $1.06
billion in the latest quarter from $1.3 billion in the last three months of
2011, according to a regulatory filing yesterday. Facebook’s first-quarter
revenue a year ago was level with the holiday quarter at $731 million.
Among the biggest surprises of Facebook’s filing: its
first-quarter revenue slowed by six percent from the prior quarter.
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http://www.nypost.com/p/news/business/facebook_flops_5OmdZIINMer3kujL8RIAhJ#ixzz1sw1fXaD3
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