InfoAnda - Facebook revenue growth skids, shares plunge |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Texas inmate escapes while being transferred | 1 December 2009
“Harry Potter” Only Behind “Twilight” Films For Biggest Pre-sales Ever | 20 November 2010
German court clears cannibal movie | 27 May 2009

US service member killed in eastern Afghanistan | 6 December 2009

Forum Views () Forum Replies ()

Read more with google mobile : Facebook revenue growth skids, shares plunge |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Aerospace & Defense Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Campaign Polling Tales from the Trail Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Bernd Debusmann Nader Mousavizadeh Lucy P. Marcus David Cay Johnston Bethany McLean Anatole Kaletsky Edward Hadas Hugo Dixon Ian Bremmer Lawrence Summers Susan Glasser The Great Debate Steven Brill Jack & Suzy Welch Frederick Kempe Christopher Papagianis Mark Leonard Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Lipper Awards 2012 Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Olympics Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (10) Follow Reuters Facebook Twitter RSS YouTube Read Pop music too loud and all sounds the same: official 26 Jul 2012 Facebook revenue growth skids, shares plunge 26 Jul 2012 Citi sees 90 percent chance of Greece leaving the euro 26 Jul 2012 China-Canada oil deal raises political hackles in Washington 1:10am EDT India to give free generic drugs to hundreds of millions 05 Jul 2012 Discussed 246 Mexico urges U.S. to review gun laws after Colorado shooting 158 Fourteen killed in Denver movie theater shooting 105 Penn State hit with $60 million fine, other penalties for Sandusky scandal Watched Facebook loses more Wall St. friends Thu, Jul 26 2012 New York café sells only water Tue, Jul 24 2012 U.S. rover seeks Martian life with new focus Thu, Jul 26 2012 Sponsored Links Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption Flashback: Beijing A look back at the opening ceremonies of the 2008 Olympic Games in Beijing, China. Slideshow My name is ... What their moms named these famous singers. Slideshow Facebook revenue growth skids, shares plunge Tweet Share this Email Print Related News CORRECTED-UPDATE 4-Facebook revenue growth skids, shares plunge Thu, Jul 26 2012 Draghi-sparked rally helps S&P break losing streak Thu, Jul 26 2012 Facebook shares pressured by Zynga ahead of results Thu, Jul 26 2012 Zynga shares slump on fading "Farmville" fortunes Thu, Jul 26 2012 Zynga takes axe to outlook, spooks Facebook investors Wed, Jul 25 2012 Related Topics Tech » Hot Stocks » Asian Markets » Media » iPad » Facebook » Monitors show the value of the Facebook, Inc. stock during morning trading at the NASDAQ Marketsite in New York in this file photo taken June 4, 2012. Credit: Reuters/Eric Thayer/Files By Alexei Oreskovic and Gerry Shih SAN FRANCISCO | Thu Jul 26, 2012 10:28pm EDT SAN FRANCISCO (Reuters) - Facebook Inc reported a drastic slowdown in revenue growth and offered no financial forecasts to ease worries over the prospects for boosting advertising in its first earnings report as a public company, sending its shares to a record low. Facebook executives pointed to early signs of success in new advertising services, but the lack of a detailed financial outlook went over poorly with investors hoping for evidence that the company could soon reverse the continuing slowdown in its business. "The question is, do you get a re-acceleration in the business at some point?" said Oppenheimer & Co analyst Jason Helfstein. "Because they didn't give you guidance, you're going to have to wait to find out what happens." Shares of Facebook, which have shed a third of their value since their haphazard May debut at $38, broke below $24 in frenzied after-hours trading. The social networking pioneer was the first American company to debut with a market value of more than $100 billion. Mark Zuckerberg, the 28-year-old chief executive who created Facebook in his Harvard dorm room, said the company was seeing encouraging results from newly introduced advertising services and that Facebook now has a "clear path" to building a strong mobile business. "Mobile is a huge opportunity for Facebook," said Zuckerberg, noting that the company was investing "very heavily" in improving its mobile apps. The company, which competes with established Web companies such as Google Inc and Yahoo Inc, said its capital expenditures more than tripled to $413 million in the second quarter. Facebook's finance chief also said operating expenses in the second half of the year would increase significantly compared with the rate in year-ago period. "At this early stage of our growth, investment is a top priority as opposed to managing for a target margin," said CFO David Ebersman. Facebook posted a net loss of $157 million, or 8 cents a share, in the second quarter after taking hefty stock compensation charges related to its IPO. That compared to net income of $240 million, or 11 cents, in the year-ago quarter. Excluding the charges, Facebook said it earned 12 cents a share, in line with Wall Street's forecast. RISING AD PRICES Facebook has raced through eight years of break-neck growth that was to have culminated with its May initial public offering. Instead, its share price has headed south as investors questioned its valuation of more than 50 times earnings and its longer-term ability to sustain growth as users migrate to mobile devices. Monthly active users grew to 955 million at the end of the second quarter, up from 901 million at the end of March. But mobile monthly active users surged 67 percent year-on-year to 543 million users, adding further pressure on Facebook's business, which only recently began to offer limited forms of mobile advertising. Facebook's Ebersman noted that advertising "impressions" lagged user growth during the second quarter but that new social ads, which appear directly in Facebook users' "newsfeeds", were driving up ad rates. The average price of a Facebook ad increased 9 percent during the quarter, Ebersman said, driven primarily by the United States where rates jumped 20 percent with the company's newly released social ads. "It's a positive, but it's still early," said Ken Sena, an analyst with Evercore Partners, about the performance of Facebook's new ads. "We won't likely be seeing much material impact any time soon," he said. The stock price is also likely to come under further pressure, Sena warned, from the imminent expiry of a stock lockup imposed on many Facebook employees after the IPO. That could bring a flood of new shares to the market. A CHALLENGE ANEW Facebook reported revenue increased 32 percent in the second quarter to $1.18 billion, a hair above the average analyst forecast of $1.15 billion according to Thomson Reuters I/B/E/S. Facebook's growth rate in the second quarter was the slowest since the first three months of 2011, the earliest period for which the company has disclosed information about its revenue growth. "They beat, but the Street was looking for more and that's why I think shares turned lower after an initial bounce," said Michael Matousek, a senior trader at U.S. Global Investors Inc, which manages about $3 billion. "The big question with the stock is how it will monetize its billion or so users. A lot of people think they can't convert those users to money. On Wednesday, social games leader Zynga - which accounts for over one-10th of Facebook's revenue and faces the same challenge of earning off mobile users - stunned investors after slashing its 2012 earnings forecasts. That helped wipe 9 percent off Facebook's value during regular trading on Thursday. Zynga and Facebook were among a bevy of hot tech prospects that went public in 2011 on the back of renewed dot-com mania gripping Wall Street. They, along with fellow 2011 debutante Groupon Inc, have since gone into a tailspin. Zuckerberg, who owns just north of half a billion shares, saw $2.7 billion of his paper wealth evaporate on Thursday, taking into account the after-hours dive. Goldman Sachs, lead adviser on the IPO and the largest institutional shareholder with 41.6 million shares or a 6.6 percent stake, shed $222 million. Fidelity, the largest U.S. fund, which owns 19.8 million shares, saw $106 million go up in smoke. Executives told analysts on a conference call that Facebook aimed for closer integration with popular gadgets such as Apple Inc's iPad and iPhone but Zuckerberg dismissed widespread reports that it would design its own smartphone. (Writing by Edwin Chan; Editing by Bernard Orr and Edmund Klamann) Tech Hot Stocks Asian Markets Media iPad Facebook Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (10) Dave1968 wrote: Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Friday, 27 July 2012
Enough blood: Milosevic allies take power in Serbia |
In shift by Egypt, president meets Hamas leader |
Guinea Bissau coup set to halve cashew production: U.N. |
No Libya solution in Cuba, but ready to talk to U.S.: Castro |
Ghana's ruling NDC to name Mahama as election candidate |
U.S. to let Myanmar import ban expire, at least temporarily |
Brazil public sector demands stymie Rousseff's cost-control push |
An Error has occured |
Google unveils ultrafast Internet/TV in Kansas City |
Apple U.S. margins for iPad about half of iPhone: filing |
Kodak, Apple patent fight to remain in bankruptcy court |
Director Todd Solondz looks for lightness in new Dark Horse |
Katie Couric aims for humanity, intelligence in TV talk show |
Warner Bros. postpones Gangster Squad movie after shooting |
Walters, Sawyer and Couric step in for 'GMA's Robin Roberts |
Insight: Cautious on Syria, Obama moves to help rebels |
Ukraine parliament to reconvene, language bill could become law |
U.S. fears Syria preparing for massacre in Aleppo |
Spanish unemployment hits record high |
More empty stomachs in North Korea as Kim plans reforms |
China dismisses case against lawyer, tiny win for rights movement |
Analysis: Fight over Islam, money and power brings violence to Volga |
China-Canada oil deal raises political hackles in Washington |
Two soldiers killed in blast in southeast Turkey |
Smartphones power record Samsung profit of $5.9 billion during Apple lull |
Far from Silicon Valley, tech industry finds an oracle |
Facebook revenue growth skids, shares plunge |
Madonna voices love for tolerant France in Paris show |
Universal Music considers bulk sale of EMI asset: FT |
Exclusive: Secret Turkish nerve center leads aid to Syria rebels |
Top Venezuelan embassy official killed in Kenya |
Polish PM appoints new agriculture minister |
Russian forces kill eight suspected militants in Dagestan |
Congo wants U.N. tasked with hunting eastern rebels |
Bulgarian opposition demands vote on nuclear plant |
Former Milosevic aide takes power in Serbia, EU uneasy |
Ukrainian minister says Tymoshenko completes medical treatment |
Facebook's value slides by $10 billion; outlook unclear |
Google admits it did not delete Street View data |
Facebook revenue growth skids, shares plunge |
Bomb joke tweeter wins landmark ruling |
Lady Gaga makes acting debut in Machete Kills |
Universal Music considers sale of EMI's Parlophone label: sources |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01