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."
SPONGEBOB FACT: SpongeBob is very happy right now!! He owns a good amount of Facebook shares
YOU are the product
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer: