Friday, August 3, 2012

Facebook could return to glory, Blodget says

By NBC News wire services

Henry Blodget, CEO and editor-in-chief of the Business Insider website, appeared on CNBC Wednesday to share his views on Facebook.

Since its IPO in mid-May the social network's stock price has slid 45 percent from offering price of $38, and Blodget doesn?t expect the price to go up again ?until we get stable revenue? and ?a good sense of the long-term margins.?

Source: http://marketday.nbcnews.com/_news/2012/08/01/13071615-facebook-could-return-to-glory-blodget-says?lite

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