Facebook Continues to Falter

Written by Pat's Papers | Friday, 27 July 2012 7:40 AM


Facebook’s troubles continue to grow, says the Wall Street Journal this morning, as the company struggles to live up to its investor’s expectations. Shares dropped 10 percent yesterday after Facebook released its first post-IPO earnings report. Part of the problem is that more and more people are accessing the social media site on their smartphones, while most of Facebook’s ads—and therefore ad revenue—are tied to personal computers.

SOURCE: Wall Street Journal

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