Image for Facebook Stock Slumps To End First Public Quarter

Facebook Stock Slumps To End First Public Quarter

Written by Marc Zanotti on July 27, 2012

Billboard have reported that Facebook has ended on its first public quarter with a drop in share prices of more than 10 percent.Despite Facebook boasting a gain in user numbers and reporting stronger-than-predicted revenue yesterday, the company’s stock dropped $2.74 in after-hours trading.

The slump could see Facebook’s stock being the next quarter at its lowest level since going public. When Facebook went on the stock exchange in May, shares finished 23 cents higher than their opening price after the first day of trading in the USA.

Soon after share prices dropped around 11 percent after Nasdaq suffered from being unable to clearly communicate electronically with brokerages who handle individual investor’s orders. The problem meant that investors could not confirm if their orders had been processed.

Join Music Feeds on Facebook

More On Music Feeds

Music Videos

Nussy – ‘My Heroin’

Melbourne synth-pop artist Nussy has a brand new single, My Heroin, which comes complete with a live-action video clip that proves the Melbourne lady’s heart is not one to be messed with.

News

Here’s A Video Of Heartthrob Ewan McGregor Singing Catfish And The Bottlemen’s ‘Hourglass’

Earlier this year, the charming heartthrob of a human being that is Ewan McGregor starred in an off-kilter new music video from Splendour act Catfish and the Bottlemen, where he played vocalist Van McCann’s drunk muso neighbour who writes the song Hourglass in one sitting, with a little help from old mate whiskey.

News

Waxahatchee – Newtown Social Club, Sydney 03/07/15

Whimsical nostalgia was running high last night at Waxahatchee’s Newtown Social Club gig.

News

Foo Fighters Criticised For “Exploitation Of Photographers”

Foo Fighters are slated to return to the stage on Saturday night after frontman Dave Grohl broke his leg live on stage last month, but the band have now been criticised by a Washington D.

Photos

Waxahatchee – Newtown Social Club, Sydney 03/07/15

News

Mark Ronson Reckons Kanye’s Glastonbury Show Wasn’t His Best

As go most things Kanye West, the rapper’s headline set at Glastonbury has been marred by controversy since his appearance was announced, but according to fellow Glastonbury performer Mark Ronson, the show Kanye eventually put on left him a little underwhelmed.

Around the web

This May Also Interest You