Facebook’s stock hit a new low at below $24. It debut in min-May at $38. Analysts say that this means that Facebook’s user base is growing, but not its revenues and earnings. Just the other day, Facebook posted a net loss of $157 million, or 8 cents a share. After this inaugural earnings report, Facebook did not offer financial forecasts to quell fears about its ability to boost advertising growth. However, the company’s CEO Mark Zuckerberg said Facebook was seeing encouraging results from newly-introduced advertising services and that Facebook now has a "clear path" to building a strong mobile business.