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Facebook's stock: The bleeding just won't stop

Ouch!

Shares of Facebook dropped another four percent today, leaving the company's stock price just above $20 a share -- almost half where its shares debuted in a mid-May IPO. And let's not even talk about the $45 a share Facebook hit on its first day of trading. That seems like a distant memory.

The news hasn't changed since Facebook's latest wave of selling, which began when Zynga spooked investors with its lousy earnings report last Wednesday and continued with Facebook's own unspectacular earnings. Fear of mobile. Fear of a slowdown in user growth. And, … Read more

Whither Zuck bucks: Facebook founder loses $3B in 48 hours

For the hordes of investors large and small who bought into hype around Facebook's IPO -- heck, even for those who snapped up shares two days ago -- this will offer little comfort. But in the last two days of trading, the assault on Facebook's stock has shaved a few billion dollars off the Facebook's famously rich founder's net worth.

More specifically, since the close of trading on Wednesday, Mark Zuckerberg has lost almost $3 billion, at least on paper. (His total stake is still worth about $11.8 billion, a far cry from the $19 … Read more

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

Zuckerberg to Wall Street: No need to unfriend us yet

On Facebook's conference call with analysts today, CEO Mark Zuckerberg and his top lieutenants repeatedly stressed that they plan to take their time rolling out more ads on mobile devices to avoid angering users.

And in doing so, they are angering Wall Street.

After Facebook posted unspectacular results for its second quarter -- its first report as a public company -- management offered few details about what to expect in coming months.

The absence of specificity came as a disappointment to Facebook watchers. Citigroup's Mark Mahaney said that while the results shouldn't be viewed either "as … Read more

Zuck says Facebook phone 'won't make much sense'

Looks like a Facebook phone -- at least one built by the social network -- won't be in the works, according to comments made by Facebook CEO Mark Zuckerberg today.

"Building our own phone won't make much sense for us," he said during the company's first earnings call in response to a question about whether or not it's important for Facebook to make money off mobile through both apps and hardware.

Zuckerberg pointed to the popularity of the Facebook mobile app, and said FB wants to support a system where other apps can be … Read more

Facebook: Over 955 million users, 543 million mobile users

Three months ago, Facebook revealed it had more than 901 million monthly active users, and 526 million daily active users, and 488 million monthly mobile users. Now, during the company's Q2 2012 earnings report, the social-networking giant has updated those figures to 955 million, 552 million, and 543 million, respectively.

Here's how Facebook broke down the growth:

Monthly active users (MAUs) were 955 million as of June 30, 2012, an increase of 29 percent year-over-year. Daily active users (DAUs) were 552 million on average for June 2012, an increase of 32 percent year-over-year. Mobile MAUs were 543 million … Read more

Facebook by the numbers: Mixed bag

One of the biggest buildups since Geraldo broke into Al Capone's safe is over. Facebook just reported its second-quarter earnings, making a bit of history and allowing the rest of us to get a read on what's going on at the world's largest social network.

In this, Facebook's first-ever quarter as a publicly traded company, the company lost $157 million on revenue of $1.18 billion. Though revenues were up from a year ago -- analysts polled by Thomson Reuters had a consensus projection at $1.1 billion -- the news still sent Facebook's stock … Read more

Facebook earnings match estimates; 955 million users

Last updated: 3:05 PM PT

Facebook posted second-quarter earnings in line with Wall Street's expectations -- and so far that's not good enough.

In its first earnings report since going public in late May, Facebook posted a net loss of $157 million, or 8 cents a share, compared with net income of $240 million, or 11 cents a share, in the year-earlier period. Revenue came in at $1.2 billion, up from 32 percent a year ago.

On an adjusted basis, Facebook made 12 cents a share. While that was in line with what Wall Street had … Read more

Ahead of earnings day, Facebook manages expectations

As it gets ready to report its first earnings as a publicly traded company this week, Facebook is doing something most high-profile tech companies wouldn't think of: It's offering to help out the media.

More specifically, the company's outside PR firm, Brunswick Group, is sharing with journalists a list of selected Facebook news in case they weren't watching when the items first came over the transom. In addition, they've compiled links to articles which stress that, yes, big advertisers (unlike General Motors) really do like Facebook as an advertising platform.

For Facebook, it seems, this … Read more