Facebook will be joining the old guard next month with its first official earnings call, in which it will offer details on and explanations of its financial decisions over the past few months to investors and press.
The call is set for July 26, 2012, at 2 p.m. Pacific Time.
We’ll be on the line, of course, to report in rabid, enthralled tones every morsel of information we can pick up.
The social networking company only went public with its shares last month. Of course, that story is one you’ve heard ad nauseum already: The disastrous first day, the angry shareholders and shocked experts.
The IPO itself was so bad that it caused at least one other tech startup to delay its own public offering, and VentureBeat executive editor Dylan Tweney said the whole debacle proved that “Wall Street is a sucker’s game.”
However, after plummeting by 30 percent in its first two weeks of public trading, Facebook’s stock has seen a small uptick in recent weeks. As of this writing, the stock is trading at $31.09 per share.
Here’s a chart showing its performance since the IPO:
During the earnings call, we’ll likely also hear more about Facebook’s Instagram acquisition, the $1 billion deal that rocked our sleepy little Valley to its foundation, as well as the company’s ongoing plans to monetize its billion-user network, from its bespoke payments system to its all-new ad programs that bring mobile into the mix.
Filed under: social
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