Collateral Damage From Facebook’s Downfall

Published Wed, Aug 1st, 2012   Wall Street Daily Research

Facebook (Nasdaq: FB) investors who bought into the IPO hype aren’t sitting pretty right now. Shares have dropped over 40% since it went public.

The company’s earnings last month – its first quarterly report as a public company – certainly didn’t help matters. While revenue of $1.18 billion beat analysts’ estimates, the company reported an earnings loss of $0.08 per share, falling short of the expected profit of $0.12 per share.

Of course, we’re not surprised one bit. Louis Basenese warned Wall Street Daily readers about investing in Facebook long before the company’s IPO. (See, here, here, here, here, here, here and here.)

In fact, WSD Insiders are actually profiting from Facebook’s downward spiral. Gains are currently in the double digits. Go here to find out how.

As Facebook shares continue to fall, however, investors in the company aren’t the only ones suffering…