Facebook’s financial facade develops cracks
Reality may finally be intruding on the company’s ability to mint money, writes Shira Ovide
Facebook couldn’t do anything right – except when it came to making money, where it could do nothing wrong.
That changed last week, when the company posted disappointing growth in revenue, profits and the number of visitors to its digital hangouts.
The results are still stellar by the standards of most companies, but investors in fast-growing technology companies react badly when their high hopes aren’t met, as Netflix recently found out. Facebook hit...
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