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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