Investors hoping to be compensated for losses incurred on Facebook’s first day of trading are looking at accepting an offering by Nasdaq that will be short of full compensation or facing a formidable battle in the courts.
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If they accept the Nasdaq’s offer, they will also have to give up their right to sue Nasdaq over the matter. The offer was converted to an all cash offer on Friday, July 20 instead of including reduced trading fees.
Facebook is due to deliver its first earnings report on Thursday, July 26. Analysts will be looking to see if the company continues to produce revenues and if growth in sales
is slowing. Earnings are expected to come in at 12 cents per share.
Site activity will also be under watch. Currently, there are 901 people who visit Facebook per month and 526 million who are on Facebook on a daily basis.