Saturday February 22, 2020

Facebook to post first financial results as public company

Facebook is to launch its first ever set of financial results as a listed company later but analysts fear they could make for grim reading.

26th July, 2012
Facebook's IPO did not go to plan.

Facebook is to launch its first ever set of financial results as a listed company later but analysts fear they could make for grim reading.

Morgan Stanley, which is Facebook’s lead bank, has forecast that it will report a $673 million loss before tax. It booked a $1.1 billion charge for share-based payouts to staff and early investors at its recent less than sparkling initial public offering.

Analysts are predicting that revenues will show a...

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