Markets

Facebook sinks after revenue and active users miss forecasts

Facebook shares sank by as much as 12% in after-hours trading on Wednesday after the company reported revenues and user metrics that fell short of analysts’ expectations. Facebook’s second-quarter revenues totaled $US13.23 billion, lower than analysts’ forecast for $US13.33 billion according to Bloomberg. It was the first time since 2015 […]
Facebook sinks after revenue and active users miss forecasts
Markets

Facebook hits an all-time high ahead of earnings

Facebook’s stock price reached an all-time high of $US216.30 in early trading Wednesday. The social network will report second-quarter earnings after the closing bell. Follow Facebook’s stock price in real-time here. Facebook rose as much as 0.7% in trading Wednesday to hit a new record high of $US216.30 a share […]
Facebook hits an all-time high ahead of earnings
Markets

A top analyst explains why everyone’s overreacting to Facebook’s data scandal

Facebook reports first-quarter earnings on Wednesday after the bell. The social media giant has ways around potential regulatory hurdles, and its positioning in the global advertising market is only strengthening, RBC Capital Markets’ Mark Mahaney said. Watch Facebook trade in real time here. Regulation won’t hinder Facebook‘s growth potential, according […]
A top analyst explains why everyone’s overreacting to Facebook’s data scandal