A Loss?
Started by Riversider
over 13 years ago
Posts: 13573
Member since: Apr 2009
Discussion about
http://www.nytimes.com/2012/07/27/technology/facebook-reports-a-loss-but-its-revenue-beats-expectations.html The company reported a net loss of $157 million, or 8 cents a share, compared with net income of $240 million, or 11 cents a share, for the same quarter last year.
The New York Times has lost a lot more than 8% of the credibility it once
had that it was reporting the news fairly and comprehensively, which is
why readership and earnings have plummetted in recent years.
Well, that's too bad...