‘Facebook Has Its First $5 Billion Year, Stock Drops 9%’ – ‘Mashable’
The latest post on ‘Mashable’ is titled “Facebook Has Its First $5 Billion Year, Stock Drops 9%”.
Seth Fiegerman says, “Facebook’s fourth quarter earnings results beat estimates, but Wall Street initially responded by sending the stock down by as much as 9% in after hours trading.
Facebook reported revenues of $1.59 billion in the December quarter, an increase of 40% from the same quarter in 2011 and beating Wall Street’s estimates for revenue of $1.53 billion. Taken all together, Facebook generated just more than $5 billion in revenue in 2012, its first time passing that milestone”.
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