Here’s All That You Need to Know About Facebook’s Earnings
Infograph: The Quint lists 9 important facts about Facebook’s results.
The world’s largest online social network surpassed expectations on all fronts in the second quarter. It increased not just its profit and revenue, but also its already-massive user base and mobile advertising, as well as usage of its “family” of non-Facebook apps like Instagram, Messenger and WhatsApp.
Even so, its stock price slid after the quarterly results came out, as expenses soared 82 percent and cut into earnings. Some investors may have been waiting for even better results, or looking to cash in profits with Facebook’s shares trading near record highs.
The Quint lists 9 important facts about Facebook’s June quarter.
(With inputs from AP, Reuters.)
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