Facebook shares plummet on tiny shortfall in predicted growth
by Cory Doctorow from on (#3VMHB)
Analysts predicted that Facebook would average 1.48B daily users, but their latest quarterly figures showed only 1.47B dailies; their projected earnings were $1.33B, but they only turned in $1.32B, and they were expected to earn $5.97/user but only earned $5.95/user -- and so their shares dropped 24% (they're slightly up from that, but still down 20%). (more")