Thursday, April 24, 2014

Facebook (FB) Reports 1Q'14 Results

Facebook (FB) reported 1Q'14 results after the market closed yesterday (02014.04.23). Mark Zuckerberg (CEO/Chairman) started the conference call with: "We continued to grow our community in size and engagement, with nearly 1.28 billion people now using Facebook each month and almost 63% visiting daily."

FB closed yesterday (02014.04.23) at $61.36. 52-week range: $22.67 - $72.59. In pre-market trading today (02014.04.24) FB is up almost 4%; however, quoting Facebook Chief Operating Officer Sheryl Sandberg concerning Instagram: "We're very focused on consumer growth, and we move slowly and deliberately in monetization. "We don't see the need or the urge to ramp this as quickly as we possibly can." Hmm... #slowly and #deliberately are not the favorite hashtags for some investors.

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