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Facebook’s Shares Continue to Fall

Facebook’s Shares Continue to Fall

When Mark Zuckerberg Facebook’s Chief Executive acknowledged that the company’s post IPO stock performance was disappointing, it was predicted that his honesty would give traders an opportunity to take long positions on the stock.

When Mark Zuckerberg Facebook’s Chief Executive acknowledged that the company’s post IPO stock performance was disappointing, it was predicted that his honesty would give traders an opportunity to take long positions on the stock.

It seems to have been correct as Facebook’s shares rose by 20% in the two week’s following Zuckerberg’s announcement.

However, as the third-quarter earnings report draws closer Facebook shares are dropping and they are back near their levels of early September.

Anyone considering a Facebook trade should have a look at the company’s quarterly report once the momentum traders come and go.

The only thing that matters to investors now is whether Zuckerberg has a plan to turn Facebook’s mobile traffic into a business that generates money.

However, it seems analysts aren’t confident that he does. In the last month six analysts have lowered their estimates for how much profit Facebook will earn next year. The revisions leave an average expectation of earnings of 62 cent per share next year.

It seems that it’s not just Wall Street analysts who are cautious about Facebook’s and Zuckerberg’s prospects, at Ladbrokes there are odds of 4/7 that he will leave the company before there are 2 billion registered users.

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Growing up in a world where the internet was expanding and technology was advancing at a faster rate than ever before has left Rachel with a fascination for all things technological. As well as being a passionate gamer, Rachel loves to keep abreast of all the latest gadgets and technological breakthroughs. Here she’ll keep you up to date with the most recent gaming news as well as much more.

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