Facebook stock slides even as 2Q results soar
NEW YORK (AP) — Facebook's second-quarter revenue barely squeaked past Wall Street's outsized expectations, sending its high-flying stock down in after-hours trading.
While the results surpassed forecasts on all fronts, some investors may have been looking for a bigger beat, or simply cashing in on some profits as Facebook's shares have been trading near record highs. The world's largest online social network continued to expand its massive user base, reaching 1.49 billion monthly users as of June 30, up 13 percent from a year earlier.