Monday, August 13, 2012

Facebook’s Stock Has Suffered, but Some Investors See Long-Term Value - NYTimes.com

Another big Facebook milestone
"Still, some investors remain bullish. Facebook is profitable, it keeps its nearly one billion users glued to their screens longer than any other Internet site, and it is aggressively experimenting with new ways to drum up advertising — its main source of revenue. Just this month, for instance, it began offering application developers a way to focus ads, and sought to diversify revenue by opening its site in Britain to online gambling.
The next test for the stock could come soon. Over 1.6 billion shares will be eligible to come on the market in several waves, starting on Thursday, when a number of shareholders are allowed to sell. Investors may fear that an influx of shares could cause prices to fall even more."
Facebook’s Stock Has Suffered, but Some Investors See Long-Term Value - NYTimes.com
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