Apr 12
24
Facebook, which is on the verge of the long-awaited and hyped initial public offering (IPO), recently disclosed that their net income fell 12% in the first quarter of 2012. Also, when compared to fourth quarter revenues, the first-quarter total revenues for Facebook fell by 6% to $1.06 billion. However, the social networking giant told investors Follow SEJ on Twitter @sejournal
Originally posted here:
SEC Filing: Facebook Discloses Negative Financial Data Ahead of IPO