Facebook just reported record quarterly revenue and significant increases in daily, monthly, and mobile users. And it’s also making more money, per user, in every single territory it measures.
A year ago today, CEO Mark Zuckerberg “rang the bell” to open trading in one of the most hotly-anticipated initial public offerings in history as Facebook hit the stock market. And promptly went splat.
In yet another financial PR blow, Facebook’s revenue estimates from analysts at eMarketer have dropped to around $5 billion for 2012. Previously, the firm forecast revenues of $6 billion for the year.
William Galvin, Secretary of Commonwealth for Massachusetts, is subpoenaing Facebook investor Morgan Stanley, Reuters reports.