Facebook Stock drops sharply after Facebook Q2 Earnings Release
Facebook released their Q2 2012 Earnings after the market closed. Monthly active users (MAUs) were 955 million as of June 30, 2012, an increase of 29% year-over-year. Daily active users (DAUs) on Facebook were 552 million on average for June 2012, an increase of 32% year-over-year. Facebook's Mobile MAUs were 543 million as of June 30, 2012, an increase of 67% year-over-year.
Revenues were $1.18 billion for the quaerter which is an incrase of 32%. This is pretty much in line what was expected. Still the Facebook stock crashed yesterday closing at $23.97. I guess investors just wanted to see a miracle.
"Our goal is to help every person stay connected and every product they use be a great social experience," said Mark Zuckerberg, Facebook founder and CEO. "That's why we're so focused on investing in our priorities of mobile, platform and social ads to help people have these experiences with their friends."
Luigi Lugmayr Luigi Lugmayr (Google) is the founding chief Editor of I4U News and brings over 15 years
experience in the technology field to the ever evolving and exciting
world of gadgets. He started I4U News back in 2000 and evolved it into
vibrant technology magazine.
Luigi can be contacted directly at email@example.com.
Doc Rivers Gets 5-Year Extension With Los Angeles Clippers
The Los Angeles Clippers gave president of basketball operations and head coach Glenn "Doc" Rivers a five-year contract extension on Aug. 27 which runs through the 2018-19 NBA season. It was new Clippers owner Steve Ballmer's first major move since officially purchasing the franchise earlier this month.
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