Facebook's market value fell $ 10 billion

 

Investors have reduced the value of Facebook at $ 10 billion on Friday (27/04), leading the newly listed shares to a new low.

According to Reuters , a drop of 17% of the shares led the market capitalization of Facebook for U.S. $ 48 billion, less than half the value of launching the Initial Public Offering (IPO, in English) of U.S. $ 100 billion, in May.

The latest crash cost the chief executive Mark Zuckerberg, about U.S. $ 2.3 billion, based on their participation in the company.

Social networking revenue beat expectations on Thursday (26/07) in the first announcement of quarterly results as a public company, but the company failed to reassure investors about its future prospects.

Investors worried about the social network will make money with mobile advertising expected the company would give a signal that revenue growth was improving. The stock has fallen nearly 40% of market value since its debut on the stock exchange.

They fell to a record low of U.S. $ 22.28 on the morning of Friday, before recovering to U.S. $ 23.03.

At least four brokerages, including Barclays Capital cut its price target for shares of Facebook, although the majority suggested that the company is worth more than the current trading levels.

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Facebook announces first results as a public company

 

The Facebook released its first quarter earnings report since it became a public company when it launched its shares on the Nasdaq stock exchange technology. The social network claims revenue of $ 1.184 billion, representing an increase of 32% over the same period last year. In total, Facebook had a net loss of $ 157 million, or $ 0.08 per share, in the second quarter due to costs related to its initial public offering.

Most of the revenue came from the area of ​​advertising, which raised $ 992 million in the period and exceeded 28% mark in the same quarter of 2011.

The company also announced that it has 955 million monthly active users and 552 million daily users, in a measurement made in late June. 543 million people access the social networking application on smartphones and tablets.

The trading session on Thursday closed down 8.5% in the roles of the company, mainly driven by the poor results reported by sister company Zynga .

"Our goal is that everyone is connected and that every product can provide a great social experience," said CEO Mark Zuckerberg, the reporting of results. "So we're focused on investing in our priorities in the mobile, platform and social ads so we can help people to access these experiences."

With the closing today, the company's stock fell 29% over the price of $ 38 of its initial public offering in May.

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