Facebook Reports A 2Q Loss of $157 Million

[engine]

Facebook Reports A 2Q Loss of $157 Million [online.wsj.com]

Facebook Inc. met Wall Street's tempered expectations in its first quarterly report as a public company, but its stock fell 10% in after-hours trading as its growth continues to slow down.

The social networking company reported a second-quarter loss of $157 million mainly due to expenses related to compensating employees with stock upon its initial public offering in May.

Excluding those costs, the company's adjusted earnings were $295 million, or 12 cents a share, in line with analysts' estimates.

[ebound]

Anyone catch the guy on Bloomberg telling them that Facebook should have a 'Want' button. He didn't outright claim the idea, but he certainly didn't say it wasn't his when the bloomberg analyst got excited about it.

He did say toward the end that, "I'm probably not the only one saying they need this."

[Bewenched]

wow, glad I didn't buy their stock.

[blend27]

wow, glad I didn't buy their stock.

@Bewenched. That was cold.....

I did not either. I think the reason that I did not was I have fasebookanything blocked at fire-wall level. So does the major Biz/Gov Agencies in US.

Reason: Loss of productivity...

Never mind lame people walking a font of us at 7:13 AM updating their status and "LIKING" "things" on a 2 flights of stairs in NYC/Wall Street district from Jersey, Connecticut and PA... I mean its a pretty cool feeling to LIKE things, as long as they are in SHAPE.

[webindia123]

Just hope they don't become orkut or myspace of yesteryears :p

They need to CRACK on how to enhance conversion and materialize engagement of users into real productivity.

- Lalit Kumar

[celgins]

I did not either. I think the reason that I did not was I have fasebookanything blocked at fire-wall level. So does the major Biz/Gov Agencies in US.

I'm not sure what this means. Many major U.S. government agencies do not block Facebook. Most them have Facebook pages themselves.

It may sound premature, but I think it's time for Facebook to reinvent itself. Not only to begin generating revenue to satisfy stockholders, but to stave off the fast-moving boredom factor that's setting in with many users.

[Sgt_Kickaxe]

Taking private and personal information, and that of your closest friends and family members, and trying to profit from it is not entirely cool. Facebook doesn't just need to re-invent themselves, they need to brace for the backlash from people who don't want to be a pawn in their Wall St aspirations.

[Automotive site]

Its flabbergasting to think how they were valued at $100bn at IPO. I don't use Facebook, but I know that many people in the developed world who are already tiring of it. It may grow in the developing world, but what use would that be in terms of increasing revenue. The only people I know that use FB do so to pass a bit of time and mess around with friends.

Be warned, my friends, FB is another MySpace that will be worthless in a few years time.

[bwnbwn]

blend27 we have it blocked as well buttttttttt just go through the office and see how any are getting on using their cell phones. Blocking at the office level really just keeps them from using their computer doesn't slow them down realy unless you have a no personal cell phone policy in place.

[DirigoDev]

I’ll admit it, I purchased a hundred shares. And despite the losses, I’m still okay with the buy. There is certainly no middle ground on the internet. It is very Darwinian. That’s what I love about the www. Survival of the fittest… IMO, they’ll either go huge or die. Zuck might just been the next Jobs or Gates. He's young with a lot of up-side. Let’s see if FB hits the 3Q numbers.

[skibum]

Wonder where the Instagram acquisition costs fit in there?