Thursday, July 26, 2012

A Slap in the Facebook

Facebook (FB) was hit hard today, dropping over 10% in the after-market. The company released earnings today for the first time since the IPO. The company's revenues were $1.18 billion, up from $895 million a year earlier, an increase of 32%. It wasn't enough for the analysts, so the stock tanked. The current price is the lowest it's been since the stock went public.

This of course hasn't helped the price of companies that own lots of shares of Facebook. A free list of these 'Facebook Stocks' can be found at

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