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Facebook Stock Hits A New Low, Now Down More Than 50% Since IPO
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Facebook’s stock just hit a new low and has now lost more than 50% of its value since the social network’s IPO in May. This new record low comes after analyst firm BMO Capital Markets cut its price estimate on the company’s shares from $25 to $15 today. Research firm eMarketer also just announced that it expects Facebook’s revenue for this year will remain under the company’s previous estimates. eMarkteter now predicts that Facebook’s ad revenue will reach $4.23 billion for 2012. That’s up 34% from 2011, but eMarkter previously estimated that Facebook could reach ad revenues of up to $5 billion this year.
source: http://feedproxy.google.com/~r/Techcrunch/~3/oHbfEu_Vqy8/
2012-08-31 12:22:14
Source: http://someit.com/2012/08/31/facebook-stock-hits-a-new-low/
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