fifty percent since its stock market launch only seven weeks ago and it didn t disappoint investors in its first financial report since it went public revenue was up twenty eight percent from last year hitting three hundred sixteen million dollars beating analysts who cast the company said the strong figures were thanks to growth of one quarter in its paid subscriber base but shares declined on news. of the deaths of two women who work rushed in a stampede at a border crossing has brought to light a darker side of morocco s trade relationship with spain most of morocco s imports come by way of spain some make the thirty kilometer crossing from the spanish port of cirrus to the spanish enclave of sciutto on morocco s northern coast they are then transported through customs into morocco but some importers take advantage of a new poll to avoid paying customs duties namely by having the goods carried
good evening, everyone. i m erin burnett. outfront tonight, facebook not making many friends this evening because just a few hours ago, facebook came out with its first earnings report as a big public company. and it did do about what people thought. revenue was up 32% from a year ago. that may sound good but the problem is facebook s shares are taking a big hit. you remember, this is a company that was second biggest stock market launch ever. today facebook shares closed at 26 a share. $26 a share. you see that black diamond-looking ski slope. it s falling even after the market closed tonight. down about 30% from where it went public. this obviously has hurt a lot of people who struggled to try to get shares of this ipo. why are people so nervous? there s one word and it s money. during tonight s conference call with investors, mark zuckerberg, the ceo of facebook, made it clear that making money from advertising is a top priority. we know that social ads perform much be
earnings report as a big public company. and it did do about what people thought. revenue was up 32% from a year ago. that may sound good but the problem is facebook s shares are taking a big hit. you remember, this is a company that was second biggest stock market launch ever. today facebook shares closed at 26 a share. you see that black diamond-looking ski slope. it s falling even after the market closed tonight. down about 30% from where it went public. this obviously has hurt a lot of people who struggled to try to get shares of this ipo. why are people so nervous? there s one word and it s money. during tonight s conference call with investors, mark zuckerberg, the ceo of facebook, made it clear that making money from advertising is a top priority. we know that social ads perform much better than nonsocial ads so our job over the next few years is to increase the percentage of ads that are social and engaging. social and engaging ads. well, you know, advertising a w
outfront tonight, facebook not making many friends this evening because just a few hours ago, facebook came out with its first earnings report as a big public company. and it did do about what people thought. revenue was up 32% from a year ago. that may sound good but the problem is facebook s shares are taking a big hit. you remember, this is a company that was second biggest stock market launch ever. today facebook shares closed at 26 a share. you see that black diamond-looking ski slope. it s falling even after the market closed tonight. down about 30% from where it went public. this obviously has hurt a lot of people who struggled to try to get shares of this ipo. why are people so nervous? there s one word and it s money. during tonight s conference call with investors, mark zuckerberg, the ceo of facebook, made it clear that making money from advertising is a top priority. we know that social ads perform much better than nonsocial ads so our job over the next few ye
wise, the fintech company formerly known as transferwise is set to make its stock market debut in london today in what could potentially be one of the biggest floats this year and could be valued between $6 $7 billion. the payments app has more than 10 million customers, and transfers around $7 billion on their behalf every month. wise plans to do a direct listing on the london stock exchange in a major boost to london s ipo scene as the capital looks to boost its reputation as a destination for tech companies. it follows on from deliveroo s highly anticipated float earlier this year. the food delivery firm s share sale marked london s biggest stock market launch for a decade, but the sharp fall saw it dubbed the worst ipo in the history of london. joining me now is russ shaw, founder of tech london advocates.