stocks

Facebook shares down 13% as earnings disappoint

Facebook investors are bracing for yet another disappointing day on the Nasdaq.

The social network's shares are trading down 12.8 percent to $23.40 in premarket trading today. If this keeps up and the stock closes the day around that level, it would mark the stock's lowest per-share closing price since Facebook went public in May. Facebook's lowest closing price so far is $25.52.

Facebook's drop is due to a disappointing showing in the second quarter that saw the world's largest social network post a loss of $157 million on $1.2 billion … Read more

Ignore the hype surrounding Facebook's first earnings report

commentary Facebook will report its first quarterly earnings as a public company today when the markets close. The hype is unbelievable. It's almost like the company's IPO all over again.

Here are 10 headlines to give you an idea of the type of scrutiny the social-networking giant is enduring:

Facebook Efforts on Advertising Face a Day of Judgment Facebook stock: First earnings report will be crucial Zuckerberg, Facebook have much to prove in first earnings report Facebook earnings have a lot to live up to Facebook Q2 Earnings: Everyone In The World Is Watching Three Reasons the Facebook Earnings Report Will DisappointRead more

DNA helix stockings make science sultry

Geek fashion isn't always subtle. There are Boba Fett winter hats, Game Boy dresses, and eye-screaming Marty McFly hats. And then there's this set of Helix Stockings. Subtle, tasteful Helix Stockings.

For the science lady who has everything, these $17.99 stockings are off-black and made from nylon and spandex with a velvet-like DNA helix design running nearly a foot long on the side.… Read more

Facebook IPO compensation plan reportedly due next week

Nasdaq plans to release its Facebook IPO investor compensation plan next week and it will probably be more than the $40 million originally proposed, Fox Business News reported today.

The deal will be all cash and Nasdaq is working with the Securities and Exchange Commission on a second draft of the proposal, unnamed sources told Fox.

The SEC has declined to comment. We have a call into the Nasdaq and will update when we get more information.

The stock exchange's bungle of the social network company's opening day of trading has been widely criticized.

Facebook's first day … Read more

Facebook stock drop: Zuckerberg no longer in world's richest 40

So far this month, Facebook's stock has fallen some 7 percent. The biggest loser is, of course, Facebook co-founder and CEO Mark Zuckerberg. The damage has cost the 28-year-old his spot on the Bloomberg Billionaire's Index of the 40 richest people in the world.

This drop won't affect Zuckerberg's day-to-day living. In fact, he just refinanced the mortgage on his $6 million home in Palo Alto, Calif., with a 30-year adjustable-rate loan starting at 1.05 percent.

The rates available to individuals with a high net worth (Zuckerberg may have lost some value, but he's … Read more

Facebook stock drops on news of decline in user base

Facebook stock dropped 2.8 percent this morning after an investment firm indicated that the social network's number of users have fallen over the last six months, Bloomberg reported.

The shares of Menlo Park, Calif.-based Facebook decreased 2.8 percent to $27.45 at 10:53 a.m. ET, Bloomberg said, while the shares of Zynga, which has games that are mostly played on Facebook, dropped 6.1 percent to $4.54. Perhaps the panic was short-lived, as the stock ended the day at $28.09, a 0.55 percent decline.

This comes on top of the stock'… Read more

Groupon shares continue their downward trend, hit all-time low

Daily-deals provider Groupon has watched its shares plummet as the weak European market scares investors away.

The company's shares hit an all-time low yesterday of $7.72 before eventually climbing back to end the day at $7.77. According to analysts, who spoke with Reuters recently, Groupon derives a large portion of its revenue from Europe, and continued softness in that market is driving many investors away.

Groupon went public last year at $20 per share. Soon after, the company's shares fell. However, they rebounded earlier this year, making some wonder if the worst was behind it. Since … Read more

Nokia shares hit 16-year low as losses continue

Nokia shares have now hit levels that the company hasn't seen in nearly two decades, and not in a good way.

The mobile company's shares closed the day yesterday at $1.84, pushing Nokia's stock to its lowest point in 16 years. The company's market cap stands at $6.89 billion.

Nokia's troubles have been well-documented. The company, which once dominated the mobile space, has watched its popularity erode at the hands of Android and Apple's iPhone. As sales continue to plummet, the company has been forced to rejigger its operation and layoff staff to stay afloat. … Read more

RIM shares plummet as investors worry about the future

The bad news just keeps coming for Research In Motion.

In early trading today, the company's shares have shaved off 17 percent to land at $7.55. The trading is the first chance for investors to offer up their opinion on the company's bleak fiscal first-quarter earnings that made many wonder if the end is near.

RIM's shares ended the day down 19 percent to $7.39.

During its fiscal first quarter, RIM lost a whopping $518 million, a catastrophic decline compared to the $695 million profit it posted during the same period last year. Quarterly sales … Read more

AOL planning stock buyback with patent portfolio sale proceeds?

AOL stockholders expecting a big dividend check after the Internet company's $1 billion patent portfolio sale to Microsoft might be a little disappointed.

After examining its tax strategies and consulting major stockholders, the company has decided a stock buyback is the best way to use the gains from the $1.06 billion sale of some 800 patents and related applications, sources close to the situation tell All Things D.

AOL promised that the proceeds from the sale, which closed on June 15, would be returned to shareholders, although it was unclear whether that would be in the form of … Read more