The stock is down 7% this week, victim to a broader sell-off within the large-cap growth and FANG names.the social media platform reported $3.88 a share in earnings, above consensus of $3.22
One overlooked segment of Facebook's business could be a "game changer," though, according to Todd Gordon, founder of TradingAnalysis.com. Facebook's "other" revenue, which includes Oculus, rose 156% to $885 million in its recent quarter, making up just 3% of its total quarterly sales. Its triple-digit growth, though, far exceeded the 33% increase in overall revenue.
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