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Facebook Has Its First $5 Billion Year, Stock Drops 9%
In SoMeIT (Social Media Information Technology), we are fully dedicated to satisfying all of your web needs, integrating your business to social networks.
Facebook’s fourth quarter earnings results beat estimates, but Wall Street initially responded by sending the stock down by as much as 9% in after hours trading.
Facebook reported revenues of $1.59 billion in the December quarter, an increase of 40% from the same quarter in 2011 and beating Wall Street’s estimates for revenue of $1.53 billion. Taken all together, Facebook generated just more than $5 billion in revenue in 2012, its first time passing that milestone.
The vast majority of this revenue growth came from advertising, which generated $1.33 billion in the fourth quarter, a 41% increase from the same quarter a year ago. Mobile ads, in particular, accounted for 23% of total ad… Continue reading…
More About: Facebook, stocks
source: http://feeds.mashable.com/~r/Mashable/~3/VrWey6SJfJk/
2013-01-30 15:34:11
Source: http://someit.com/2013/01/30/facebook-has-its-first-5-billi/
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