TechCrunch today has no treats—and no joy, no, not even Almond Joy—for Facebook in reporting about its projected financial woes. For a company once valued at $15 billion, things are looking grim as the cash supplies may dwindle long before Facebook is ready or willing to go to IPO.
There’s no denying that Facebook continues to enjoy incredible popularity worldwide—but that could be part of the problem. Facebook’s worldwide growth has been strong over the last year, with 118% growth in monthly unique visitors and 74% growth in page views. But its US growth hasn’t been as impressive, up only 32% from 31 million to 41 million.