Are we becoming bored of Facebook? Have we suffered one big change too far? Facebook's first earnings report as a public company had solid numbers, but in the end it landed with a thud - much like its rocky initial public offering two months ago.
Facebook reported stronger-than-expected revenue and a gain in user numbers but investors were not impressed and after a brief spike, its stock tumbled nearly 9%, or 2.38 US dollars, to 24.47 dollars in after-hours trading. It had closed down 8.5%, or 2.50 dollars, at 26.84 dollars
At its lowest ebb the value of shares fell a full 24 per cent since the social network floated itself on the stock market, earning itself the accolade of second-worst performing technology offering of 2012.
A recent survey by the American Customer Satisfaction Index indicated that only 61 per cent of Facebook users are satisfied with the social network. We take a look at some of Facebook's recent big changes and ask has our beloved social network reached a plateau. Is the writing on the wall?
No comments:
Post a Comment