Like, We all know that Facebook doesn’t impresses their audience by trading on stock market but this time is goes more horrible and achieved the new low of $24 after their first earning call.
According to a report from Venture Beat “Facebook barely exceeded Wall Street’s expectations with $1.18 billion in revenue and earnings per share of $0.12 for the second quarter. The company reported a net loss of $157 million, attributed to its share-based compensation plan. At the time of this post, Facebook’s stock was down 10 percent at $24.15.”
Here is the quick recap of Facebook’s earning call “Excluding share-based compensation and related payroll tax expenses, non-GAAP net income was $295 million or $0.12 per share, compared to $285 million and $0.12 per share for the same quarter in the prior year,”