LISTEN LIVE TO NEWSTALK ZB

Newstalk ZB

ON AIR NOW

Keep up with
Newstalk ZB

Follow Us

  • Facebook
  • Twitter
  • YouTube

Select region

Site Search

Search Search

Facebook profits tumble, share price down

Share |

Business News | Thursday January 31 2013 12:45

Facebook profits tumble, share price down

Related

Facebook has reported a sharp drop in profits from a year ago, prompting a fresh decline in the share price of the social network.

Facebook reported a profit of US$64 million ($76.5 million) in the fourth quarter, compared with US$302 million in the same period in 2011.

Revenue grew 40 per cent to $US1.585 billion.

The results triggered a five per cent slide in shares in after-hours trade.

Photo: Getty Images

Advertisement
Sevens
Advertisement
  • Fatality after car hits concrete pole in Auckland

  • Fiji media blackout imposed

  • Outrage over plan to search for oil and gas near N ...

  • NRL: Sims done for the season...and then some

  • Dotcom reveals extradition plot email - Warner Bro ...

  • Athletics: Surgeon's knife awaits Valerie Adams

  • Auckland Weather

    13°
    Today
    Showers
    H:16° L:12°
    Click for More Weather
    More Weather

    TV3 Leaders Debate

    Who won the TV3 Leaders Debate?

    Vote Now

    View Results