Facebook stock falls 24 percent on forecast for slowing growth, rising expenses

Facebook reports Q2 revenue of $13.23B, up 42% Year over Year (YoY), 1.47B Daily active users (DAUs), up 11% YoY, and net income of $5.1B, up 31% YoY; stock down 20%+ after hours

https://investor.fb.com/investor-news/press-release-details/2018/Facebook-Reports-Second-Quarter-2018-Results/default.aspx

[–] Owlchemy [OP] 1 points (+1|-0)

So what your saying then is Reuters is fake news.

[–] Kannibal 0 points (+0|-0)

the price can back up a bit after the initial report

(shrug)

[–] Owlchemy [OP] 0 points (+0|-0)

Still the highest one day loss in history.

[–] oddjob 0 points (+0|-0)

But Facebook didn't add enough users. They only have 2 billion users, they need more. They should have at least 40% of the world.

[–] ohphukimintrouble 0 points (+0|-0)

My dick is so erect after reading that article. Thank you Jesus!

[–] chmod 0 points (+0|-0)

Not so much to celebrate yet. The stock isn't even at its lowest point for this year. It will go up soon as the bargain hunters step in.

Facebook stock falls 24 percent on forecast for slowing growth, rising expenses

7 comments

/s/News