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Facebook advised analysts to cut forecasts before floatAs Facebook officials traveled the country to talk up the company's $16 billion initial public offering this month, the social networking giant advised analysts for underwriters to reduce revenue and earnings ...Reuters via Yahoo! Finance - 1 hour, 44 minutes ago
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The Big Reason for Facebook's Fizzled IPO: Advertising PainsAs Facebook's stock continues its slump, now trading even lower than yesterday's low, the Internet has reached a consensus on why the IPO of the year isn't performing: Advertising. It's how Facebook makes its dollars. And, it has made a lot of dollars this way. But it's not clear Facebook's very good at it, or will get good enough at it to justify a $38 per share price. Hence the investor worry.The Atlantic Wire via Yahoo! News - May 22 08:58am
Why Facebook still doesn't look cheapIf you were thinking of picking up a few shares of Facebook last week, when it went public at a price of $38, you might be seriously tempted now that the stock has fallen $7 in two days.Associated Press via Yahoo! News - May 22 03:20pm
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