Facebook stock rose nearly 5% in after hours trading despite the company announcing that it could take a one-time charge of as much $5 billion due to an ongoing Federal Trade Commission inquiry.
The company's earnings per share analyst expectations are not comparable due to the anticipated FTC charge. "We had a good quarter and our business and community continue to grow," said CEO Mark Zuckerberg in a statement."We are focused on building out our privacy-focused vision for the future of social networking, and working collaboratively to address important issues around the internet."
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SPONGEBOB FACT: SpongeBob is very happy right now!! He owns a good amount of Facebook shares
YOU are the product