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Facebook advised analysts to cut forecasts before float(Reuters) - As Facebook officials traveled the country to talk up the company's $16 billion initial public offering this month, the social networking giant advised analysts for underwriters to reduce revenue and earnings forecasts, said people with direct knowledge. Facebook decided to tell analysts to cut estimates due to feedback during the investor roadshow which revealed users were opting ...Reuters via Yahoo! News - May 22 10:43pm
Facebook stock a 'day trader's paradise'Facebook's stock has plunged nearly 18% from its IPO price, but it's not simply a case of investors disliking the company.CNN Money - 14 minutes ago
The Big Reason for Facebook's Fizzled IPO: Advertising PainsAs Facebook's stock continues its slump, now trading even lower than yesterday's low, the Internet has reached a consensus on why the IPO of the year isn't performing: Advertising. It's how Facebook makes its dollars. And, it has made a lot of dollars this way. But it's not clear Facebook's very good at it, or will get good enough at it to justify a $38 per share price. Hence the investor worry.The Atlantic Wire via Yahoo! News - May 22 08:58am
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Facebook Marketing For Business Guide Series
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