Friday, July 27, 2012

Facebook Belly-Flops Into its First Earnings Report - Businessweek

Accentuating the Facebook positive, for a change
"For steel-stomached investors who want to defy the strong draft pushing down Facebook’s stock price, there are still plenty of reasons for optimism. The company is approaching 1 billion users worldwide, with more than half checking the site every day. That is simply unprecedented. Facebook also makes more than half its money in the U.S. and Canada but is growing more quickly in other regions such as Asia and Europe. As I pointed out in a post yesterday, the downside is that overseas users tend to be less lucrative for Facebook. There’s a big opportunity to close that gap as advertisers abroad grow more sophisticated about social media and Facebook beefs up its overseas staff."
Facebook Belly-Flops Into its First Earnings Report - Businessweek
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