Facebook Releases Negative Report Before IPO: According to a quick item from David Angotti for Search Engine Lan...

Facebook Releases Negative Report Before IPO

seochat.com 26 Apr '12, 12pm

Facebook Releases Negative Report Before IPO: According to a quick item from David Angotti for Search Engine Lan...

Facebook Releases Negative Report Before IPO (Page 1 of 2 ) Could Facebook's cash machine be slowing down? That's one possible conclusion observers can draw from the paperwork the company recently filed with the Securities and Exchange Commission. While it's not likely to slow down investors, it's not the best news to get so close to the social media giant's IPO.According to a quick item from David Angotti for Search Engine Land, Facebook reported that its net income fell 12 percent in the first quarter of 2012. Looking at the previous quarter's total revenues, the latest quarter saw total revenues fall six percent, to $1.06 billion. That may not be cause for serious concern, however especially when you consider that the previous quarter included the holiday shopping season, and Facebook makes its money from ads. Indeed, the company itself noted that the downturn was due...

Full article: http://www.seochat.com/c/a/Search-Engine-News/Facebook-Re...

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