Facebook’s results suggest it is short of new users and goodwill

As more of the world logs on, the company is nearing saturation: so now it is spending on rebuilding its reputationWhat’s bad for Facebook’s market cap might be good for society. That, at least, is what the company would like investors to take away from its disastrous second-quarter results, which triggered a fall in its stock-market valuation of almost $120bn (£92bn), the largest single loss of value in Wall Street history.At its core, the collapse is due to three negative tre