Facebook FB Stock Price Falls after Strong Earnings Report. FB reported better than expected earnings, but the stock price was lower. Sellers were taking profits after Facebook has skyrocketed higher in the last few days of trading.
FB is part of the QQQ technology shares and if Facebook starts to sell off, that will have an influence on the QQQ.
Facebook reported stronger revenues, however FB said that expenses would increase 45 to 60% in the next quarter.
Revenue increased to the upside.
Daily active users increased for Facebook.
Mobile advertising increased.
business is growing, but Facebook will need to add more security so that the system is not abused.
Facebook FB Stock Price Falls after Strong Earnings Report