Facebook reports revenues up 40% but Wall Street says 'meh' Mark Zuckerberg must be tearing at his hoodie after Facebook's shares dipped following the release of what are, on the face of it, very respectable quarterly results for his company. Revenues for Facebook's fourth quarter of fiscal 2012 stand at $1.585bn, up 40 per cent on this time last year, with advertising up 41 per cent …
That "something" is that Facebook's path is unsustainable. Costs are rising faster than revenues. The fact is they need a new model for generating income, and they know it. Hence:
*Sponsored stories
*the email announcement from about a year ago.
*That new search thing that everyone forgot about immediately
and some others that I don't know about.
They probably can't change their model. They are still just a place to view each others photos and play games.
If I were them I would stop trying to take on Google with search. They're really picking the wrong battle.
They should take on eBay by letting people buy and sell stuff on the Facebook platform. Just MHO.
The Register 
Biting the hand that feeds IT
Copyright. All rights reserved © 1998–2024
