COULD HAVE BEEN WORSE? FACEBOOK POSTS MIXED 3Q RESULTS
Facebook didn’t hit it out of the ballpark with its latest quarterly report, but the bar isn’t so high these days for the image-battered social networking giant.
The company reported a slight revenue miss but stronger than expected profit for the July-September period. Coming three months after its stock suffered its worst one-day drop in history, wiping out $119 billion of its market value, the mixed results were perhaps not the redemption Facebook hoped for.
