Today’s report was critical for the social network, which has lost $50 billion US in market value since its IPO in May. Facebook reported $1.26 billion in revenue for Q3 2012 in their second earnings call as a public company.
Half-hearted “investigations” from the BBC, the pre-IPO announcement from GM, unverified accusations, and limited experience anecdotes all feed on the media frenzy around Facebook’s IPO but contain little substance.
Facebook’s cash and securities grew $10.2 billion, which includes $6.8 billion in proceeds from their IPO. Some feel stock prices are simply settling to more realistic levels since the overhyped IPO. Facebook reported $1.18 billion in revenue for...
Facebook founder Mark Zuckerberg cleverly retained control of the direction of the company throughout the IPO process. JCPenney, Gap and Nordstrom have all closed down their Facebook storefronts after giving it a go.
The tech and investment worlds are in a frenzy, now that the Wall Street Journal has reported Facebook may be inching ever closer to a $10 billion initial public offering (IPO), possibly as soon as Q2 2012.
