Thursday, January 31, 2013

Facebook slumps as mobile ad growth fails to impress....Shame!

Shares of Facebook Inc were set to open 7 percent lower on Thursday as a surge in fourth-quarter mobile advertising revenue failed to live up to Wall Street's high expectations.

Three brokerages downgraded the stock of the No. 1 social network, which has struggled to develop a full-fledged mobile advertising business.

http://www.reuters.com/article/2013/01/31/us-facebook-shares-idUSBRE90U0NK20130131