Facebook is losing money Zuckerberg can keep the company growing

Facebook released its unaudited earnings for the second quarter of fiscal year 2012 as of June 30. According to the report, Facebook's second-quarter revenue was $1.18 billion, a 32% increase from $895 million a year earlier, and a net loss of $157 million, with a net profit of 240 million dollars over the same period last year.

According to the Daily Mail of July 26, Facebook since its listing in May, the stock price has fallen by nearly 30%, but also low innovation. This has forced the company to face greater pressure and to find the quickest way to boost profit growth.

Facebook founder and CEO Mark Zuckerberg and top executives are trying to keep up with growth, including Facebook's new form of advertising called "sponsored Stories", the report said. Advertisers can turn some of their activities into an ad that only a friend of the customer can see and display on the homepage. At the end of June, Mr. Zuckerberg said, the ads created 1 million dollars a day for the company, half of which came from mobile devices.

But Zuckerberg denies having thought about producing his own phone, saying it doesn't make much sense.

On July 26, Facebook's shares tumbled more than 8% per cent, ending at $26.84, down 2.50, or 8.5%.