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To all the investors/ retailers believe that local SEC can secure your money should read the latest FB story...
Please remember nobody is safe in a stock market anywhere in the world. So I repeat pls pls you take your own responsibility for whatever you do in a market.
American SEC now has more than 75 years of experience. Did they secure the investors??????????
All the FB investors (through IPO) have now become compulsory long term investors.
Facebook IPO price $38.00
After two month current price $ 26.50
Unrealise loss per share: -30%
Facebook shares fall as it reports $157m loss
Facebook shares fell 11% in after-hours trade after it reported its first results since its flotation in May.
The results were slightly ahead of analysts' expectations. Second quarter revenues rose 32% to $1.18bn (£751m) and it reported a $157m loss.
But concerns remain Facebook is yet to work out how to make money from people using the site on mobile devices.
The loss was due to having to make payments to early investors, including chief executive Mark Zuckerberg.
"We're disappointed about how the stock is traded but the important thing for us is to stay focused on the fact that we're the same company now as we were before," Facebook's chief financial officer David Ebersman told an analyst call.
Shervin Pishevar, managing director of Menlo Ventures, and a Facebook shareholder, told the BBC that he was not worried about Thursday's share price fall.
http://www.bbc.co.uk/news/business-19004005
Please remember nobody is safe in a stock market anywhere in the world. So I repeat pls pls you take your own responsibility for whatever you do in a market.
American SEC now has more than 75 years of experience. Did they secure the investors??????????
All the FB investors (through IPO) have now become compulsory long term investors.
Facebook IPO price $38.00
After two month current price $ 26.50
Unrealise loss per share: -30%
Facebook shares fall as it reports $157m loss
Facebook shares fell 11% in after-hours trade after it reported its first results since its flotation in May.
The results were slightly ahead of analysts' expectations. Second quarter revenues rose 32% to $1.18bn (£751m) and it reported a $157m loss.
But concerns remain Facebook is yet to work out how to make money from people using the site on mobile devices.
The loss was due to having to make payments to early investors, including chief executive Mark Zuckerberg.
"We're disappointed about how the stock is traded but the important thing for us is to stay focused on the fact that we're the same company now as we were before," Facebook's chief financial officer David Ebersman told an analyst call.
Shervin Pishevar, managing director of Menlo Ventures, and a Facebook shareholder, told the BBC that he was not worried about Thursday's share price fall.
http://www.bbc.co.uk/news/business-19004005
