Facebook Stock Price Points to Mobile Problem
Facebook stock opened at $28.69 a share this morning, down 24 percent compared to its original IPO price.
A CNET essay about the stock tumble pointed to a larger issue facing all media companies: mobile devices and apps aren’t the solution for media companies, they are the problem. As companies struggle to deal with our changing Internet habits, we all need to worry about these trends. Check it out:
Facebook is hardly the only site with a mobile problem.
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