首页
登录
职称英语
It would be all too easy to say that Facebook’s market meltdown is coming to
It would be all too easy to say that Facebook’s market meltdown is coming to
游客
2023-08-25
19
管理
问题
It would be all too easy to say that Facebook’s market meltdown is coming to an end. After all, Mark Zuckerberg’s social network burned as much as $ 50 billion of shareholders’ wealth in just a couple months. To put that in context, since its debut(初次登台)on NASDAQ in May, Facebook has lost value nearly equal to Yahoo, AOL, Zynga, Yelp, Pandora, OpenTable, Groupon, LinkedIn, and Angie’s List combined, plus that of the bulk of the publicly traded newspaper industry.
As shocking as this utter failure may be to the nearly 1 billion faithful Facebook users around the world, it’s no surprise to anyone who read the initial public offering(IPO)prospectus(首次公开募股说明书). Worse still, all the crises that emerged when the company debuted—overpriced shares, poor corporate governance, huge challenges to the core business, and a damaged brand—remain today. Facebook looks like a prime example of what Wall Street calls a falling knife—that is, one that can cost investors their fingers if they try to catch it.
Start with the valuation(估值). To justify a stock price close to the lower end of the projected range in the IPO, say $ 28 a share, Facebook’s future growth would have needed to match that of Google seven years earlier. That would have required increasing revenue by some 80 percent annually and maintaining high profit margins all the while.
That’s not happening. In the first half of 2012, Facebook reported revenue of $2. 24 billion, up 38 percent from the same period in 2011. At the same time, the company’s costs surged to $2.6 billion in the six-month period.
This so-so performance reflects the Achilles’ heel of Facebook’s business model, which the company clearly stated in a list of risk factors associated with its IPO: it hasn’t yet figured out how to advertise effectively on mobile devices. The number of Facebook users accessing the site on their phones surged by 67 percent to 543 million in the last quarter, or more than half its customer base.
Numbers are only part of the problem. The mounting pile of failure creates a negative feedback loop that threatens Facebook’s future in other ways. Indeed, the more Facebook’s disappointment in the market is catalogued, the worse Facebook’s image becomes. Not only does that threaten to rub off on users, it’s bad for recruitment and retention of talented hackers, who are the lifeblood of Zuckerberg’s creation.
Yet the brilliant CEO can ignore the sadness and complaints of his shareholders thanks to the super-voting stock he holds. This arrangement also was fully disclosed at the time of the offering. It’s a pity so few investors apparently bothered to do their homework. [br] The crises Facebook is facing______.
选项
A、have been disclosed in the IPO prospectus
B、are the universal risks Wall Street confronts
C、disappoint its faithful users
D、have existed for a long time
答案
D
解析
事实细节题。D)“已经存在很长时间了”,与定位句中remain today的意思相同,故为答案。A)“已经显示在公开募股说明书中”,第二段首句只是提到看过脸谱网公开募股说明书的人对其失败不会感到震惊,并未表明脸谱网在其公开募股说明书中公开了所面临的危机,属于推断过度,故排除;B)“是华尔街所面临的普遍危机”和C)“使得忠实用户对其失望”原文均未提及,故排除。
转载请注明原文地址:https://tihaiku.com/zcyy/2955094.html
相关试题推荐
[originaltext]Someofthemostpracticallessonscomingoutofresearchin
[originaltext]Someofthemostpracticallessonscomingoutofresearchin
ItwouldbealltooeasytosaythatFacebook’smarketmeltdowniscomingto
ItwouldbealltooeasytosaythatFacebook’smarketmeltdowniscomingto
ItwouldbealltooeasytosaythatFacebook’smarketmeltdowniscomingto
[originaltext]FormorethansixmillionAmericanchildren,cominghomeafte
[originaltext]M:Pleasehaveaseat,MissGreen.Thanksforcomingin.Didyou
[originaltext]M:Pleasehaveaseat,MissGreen.Thanksforcomingin.Didyou
Economistsusuallystudymarkets.Now,twoAmericanshavewontheNobelPriz
Economistsusuallystudymarkets.Now,twoAmericanshavewontheNobelPriz
随机试题
EveryonereadssomethingaboutSherlockHolmes,whoisoneoftheworld’sgr
Seekingtobuildsupportamongblackfamiliesforitseducationreformlaw,
About700,000childreninMexicodroppedoutofschoollastyearasrecessio
党的()是党的根本性建设,决定党的建设方向和效果。A.思想建设 B.政
北京的古建筑中,以下哪一座大殿内的木结构构件,如柱、梁、檩、椽和檐头全部由楠木制
甘草的功效是()A.补血健脾 B.补脾养肝 C.解毒缓急 D.补脾养
企业战略目标中的市场目标包括()。A:产品目标 B:制度创新目标 C:渠道目
下列属于销售人员从事理财产品销售活动禁止事项的是()。A.有效识别客户身份 B
根据蛛网理论,下图为()蛛网。A:封闭型 B:开放型 C:收敛型 D:发
二灰混合料基层碾压施工时,采用( )压路机碾压。A.轻型 B.重型 C.先重
最新回复
(
0
)