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Facebook Circling The Drain, Slides Down $10 Billion In Value

7/28/2012 3:30 AM ET | Filed under: Tech Talk • Business Blitz • Facebook

Facebook drops 10 b

This week, Facebook decided so say, "Hey, we're not going to offer up a forecast to investors!"

Smart move? Oh god, no!

That wasn't a very good move at all, because investors just wiped $10 billion off the value of the website.

The shares are now sitting at new low!

It was a 17% slide in shares, resulting in an IPO worth $48 billion (which is still lots of money). Still, that's WAY less than they started with at $100 billion!

With 955 million active users a month at the end of June, we're wondering why it's doing so poorly!

One guess is that the company doesn't really have a great mobile strategy — more and more people are just using their phones to check the website, meaning there's less room on those tiny screens for ads!

We wonder if they'll continue downward… or end up bouncing back!

Did U buy Facebook stock? Are U panicked??

P.S. CLICK HERE to "follow" Perez on Twitter!

P.P.S. CLICK HERE to "like" Perez on Facebook!

[Image via WENN.]

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9 comments to “Facebook Circling The Drain, Slides Down $10 Billion In Value”

  1. Bevi says – reply to this


    1

    Buy now.

  2. fahad ahmed says – reply to this


    2

    no



  3. 3

    Zookie made his money. He doesn't care what happens from here. If you were dumb enough to invest big money in this stock well then you need to learn a few things about investments.

  4. Ole Alexander says – reply to this


    4

    He looks like the "Joker-killer". Scary. Anyone else see it?



  5. 5

    WHAT HAPPENS WHEN YOU GET TOO GREEDY ?
    YOU LOOSE……
    HE DOES LOOK ALLOT LIKE THE JOKER FROM COLORADO…..
    I'M TELLING YOU MAN THE SCARIEST PEOPLE OUT THERE ARE THE REALLY SMART ONES…
    THEY'RE SMART AS HELL BUT HAS ABSOLUTELY NO COMMON SENSE AND NO SELF ESTEEM SO THEY TAKE THAT BRILLIANCE AND USE IT FOR BAD…
    ZOOKIE HAS ALWAYS BEEN CREEPY LOOKING TO ME…
    HONESTLY I THINK HE DID STEEL THOSE TWINS IDEA AND NOW IT'S ALL COMING BACK TO HIM
    KARMA….

  6. WAHHHHHHHH! says – reply to this


    6

    that man is an arrogant prick, he is going to be the doom of his own company

  7. GenXY says – reply to this


    7

    FB: Your key is in entertainment (as opposed to traditional advertisement) and linking it to information for businesses. How do you keep 1 billion active without threat of security breach and intrusion? How do you make that process enjoyable and repeatable? How can you carry that torch to bring value that exchanges into monetization? How do you innovate a whole new set of metrics that paradoxically isn't search? but as useful?



  8. 8

    955 million users is a HUGELY gross overstatement. The real number is roughly 30% less than that given almost half of the users of social media sites are spammers phishing for information and to flood your account. In addition, many people have separate accounts profiling only certain bits of info for only certain groups of "friends." So the real number is more 600 million or a little less. Still a lot of course but saying it's 955 is way off base. On top of being over-hyped to the nines, this company seems to like shooting itself in the foot. Zuckerberg should have NEVER taken this company public.

  9. ed says – reply to this


    9

    "One guess is that the company doesn't really have a great mobile strategy — more and more people are just using their phones to check the website, meaning there's less room on those tiny screens for ads!" from which website did you copy this Perezita???