When Zuckerberg announced that facebook stocks are now available, the news spread like a fire. We thought that this stock will touch high peaks in the share trading but sorry to say that it is not the same. Facebook may have delivered a decent quarterly financial report yesterday, but that apparently did little to quell investor concerns about the company, which only went public earlier this year. Recently Facebook’s stock took another tumble today and booked a record low of $3.03 to $23.81 fall. That 11.3% decrease in stock price led to Facebook’s stock hitting a new all-time low, and it doesn’t seem like the stock is going to recover anytime soon.
Despite the fact that Facebook did post a profit and did report a growth in the number of users for Q2 but that is not enough for Facebook’s investors. Revenue did grow in Q2, but not as much as it did in Q1, which was a reason for the investors to think. Facebook isn’t making nearly enough money from mobile advertisements, while more and more Facebook users are accessing their profiles from mobile devices. CNET is reporting that this week has taken quite the toll on Mark Zuckerberg’s pocketbook, with the Facebook founder losing a mind-numbing $3 billion since Wednesday. It’s going to be a long and bumpy ride for Facebook in the coming weeks and months, but at the very least, it should be pretty interesting for outside observers.
