Facebook Reports 2Q'12 Results

Facebook (FB) reported 2Q'12 results yesterday (02012.07.26) after the market closed and today (02012.07.27) FB shares opened $23.21, down 13.5%.

Reuters headline from this morning: Facebook shares down on lack of financial outlook.

Hmm... I consider this good news. In a nutshell, Facebook might be taking a long-term view of their business.

TheStreet.com headline from this morning: Facebook Proves It Stinks to Be a Long-Term Investor.

I agree! It has sucked being a long-term investor here in the 21st century.

Forbes.com headline from this morning: Six Reasons Facebook is a $7 Stock

This morning I placed an order to add to our FB holdings. The buy price is $21.99, so it won't surprise me if today's intra-day low is $22.00. [Why $21.99? Multiply Pi by seven and round to the nearest penny.]

FYI... Facebook ended 2Q'12 with $10.2 billion in "cash".

Investor.FB.com::Facebook Reports Second Quarter 2012 Results