Exactly one hour ago, Facebook delivered it’s first quarterly earnings report. The pressure for them to deliver was huge! I, along with most of the financial world was anticipating what the earnings were going to look like. Even 5 minutes before they reported earnings, I received a breaking news alert that the stock was down 9% ahead of the report which couldn’t have been a good sign.
Although Facebook beat their estimates, investors are still none-to-pleased with the tech giant. The stock has dipped below $24 per share. A new low for a stock and a company that had so much riding on it. Trading after hours fell another 10%. This begs the question, how low could this stock get, and how many people are going to get burned along the way.
The Daily Tickr is a collection of some of the more interesting stories that are trending on the internet. I provide brief commentary on the topic at hand, and link out to the original article. I just want to make it as easy as possible for you to get access to the stories that may be of interest to you.
July 26, 2012
Misc