If you don’t know>>>
What is killing Facebook and its stock is that more and more people access it via mobile devices (smartphones, androids, iPhones). Where due to smaller screen size their advertizing is much less effective with fewer click throughs
To me facebook is a big ol AOL except it is advertizing supported. Same as AOL in that facebook would love you to stay on facebook all day or at least a good part of it be exposed to its advertizing
Lots of facebook addicts can spend hours flipping through it on mobile devices...like my friends wife. They are out driving with him at the wheel and his wife is flipping through facebook
FB admitted as much in a filing prior to the IPO, and then doubled-down Bobo-style by simultaneously raising the IPO issue price...
This whole imbroglio will become a textbook example of how to not just get away with malfeasance, but cash in on it -- pity Zuckerturd's generation simply doesn't care.
“Facebook ads were already showing up on the desktop before Facebook in February announced that it would display premium ads and Sponsored Stories, or posts that have been paid for by advertisers, on mobile news feeds, and on the desktop log-out page. By the end of June, sponsored stories were generating $1 million per day in revenue.”
http://www.pcmag.com/article2/0,2817,2408208,00.asp