Home From the Wires Facebook shares sag as investors question future

Facebook shares sag as investors question future

| Print |  Email
Thursday, January 31, 2013

 

C/NET: Facebook shares are down today, spelling some possible erosion in the stock price heading into the rest of the week of trading.

Shares in the big social network are down 3.5 percent today to $30.13 in early trading. The company's stock ended the day yesterday at $31.24, up significantly from the company's 52-week low of $17.55. That rally has been due to Facebook's ability to gain traction in mobile and reassure investors that it could continue to grow.

The company went a long way in making its case yesterday, reporting better-than-expected fourth-quarter earnings. During the period, the company's revenue grew 40 percent year over year to $1.59 billion. Facebook was also able to post an adjusted earnings per share of 17 cents, beating Wall Street's estimates.

So then, why are Facebook shares down? It might have less to do with past performance and more to do with the ability for Facebook shares to actually grow.

Read more.

 

More Articles

How to add positivity to your team

Contributed Blogs
Friday, September 12, 2014
happy-seo-orlando-clientsBY TOM COX | OB BLOGGER

I often talk about what leaders can do. What about followers? If you’re a team member and you’d like to add positivity to your team, what might you do?


Read more...

Green Endeavor cleans up

News
Wednesday, August 06, 2014
080614 ULnew greenendeavorBY LINDA BAKER | OB EDITOR

Portland startup Green Endeavor strikes gold, inking a partnership with Underwriters Laboratories, an Illinois-based consulting and certification company with offices in 46 countries.


Read more...

Poll Wrap-Up

News
Friday, August 15, 2014

2014 NewPoll-report-newsletterthumbIn this week's poll, we asked readers: "Who should pay for the troubled Cover Oregon website?" Here are the results.


Read more...

Constant Contact

October 2014
Thursday, September 25, 2014
BY AMY MILSHTEIN

To prevent burnout, companies are banning email and after-hours communications. But is the 24-hour workday here to stay?


Read more...

True Blood

October 2014
Thursday, September 25, 2014
BY JOE ROJAS-BURKE

Antibiotics really aren’t magic bullets.


Read more...

Portland rises

News
Monday, August 18, 2014

IMG 2551Portland is in the middle of another construction boom, with residential and office projects springing up downtown, in the Pearl and Old Town. OB Web Editor Jessica Ridgway documents the new wave.


Read more...

Launch

October 2014
Thursday, September 25, 2014
BY JESSICA RIDGWAY

October's Launch article features Soul Kitchen, Easy Company and Slick's Big Time BBQ.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS