Facebook shares fall to its lowest level after the delivery of results
The value of Facebook shares reached their lowest historical price today, closing at $23.7 in the Nasdaq, after investors digested the first quarterly results of the company . The shares were offered for sale at $38 in May.
Although the Income produced by the company were better than expected, sales were down social network and the company founder, Mark Zuckerberg, failed to convince investors in the conference call after the delivery of results. One of the main concerns is how the company will generate revenue with visitors arriving by mobile phones.
Of the 955 million users who have the social network, 543 million enter through mobile devices, Facebook reported yesterday. Given the number of users and the size of Facebook, many investors expect better results from the company. However, there is still no completely clear formula to generate mountains of money from the service.
Link: Facebook shares tumble to record low (Telegraph)Tags: Actions, Bag, Facebook, Income, Mark Zuckerberg, money