Menu
$199.99 HP Stream 11 Laptop is On Sale

$199.99 HP Stream 11 Laptop is On Sale

Cara Delevingne Recorded Song with Pharrell

Cara Delevingne Recorded Song with Pharrell

Black Friday 2014 iPad Deals will be Amazing

Black Friday 2014 iPad Deals will be Amazing

Taylor Swift Releases New Song from 1989 Album Midnight

Taylor Swift Releases New Song from 1989 Album at Midnight

Oscar Pistorius gets Five Year Sentence after a Lengthy Trial

Oscar Pistorius gets Five Year Sentence after a Lengthy Trial

Facebook Stock drops sharply after Facebook Q2 Earnings Release

Jul 27 2012, 1:48am CDT | by , in News | Technology News

Facebook Stock drops sharply after Facebook Q2 Earnings Release
 
 

Facebook shares dropped 10% in after hour trading. It already fell 8% during the day.

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."

Via Facebook.

Shopping Deals

<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
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 ml@i4u.com.

 

 

Comments

blog comments powered by Disqus