Investors Disappointed in Facebook

Facebook Inc. reported earnings Thursday that encouraged investors to shed themselves of stock during after-hours trading. 

Two months after the social company went public, the price of it’s stock has shrunk to $26.84 per share, down from $38. During after-hours trading, that price went down to about $24. 

Adjusted profits this quarter were $295 million, or 12 cents per share.  Last year, the company made $240 million, which equates to 11 cents a share, in the same quarter.

The company reported revenue of $1.8 billion. However, it also reported a net loss of $157 million, or 8 cents per share. 

For analysis of this issue, visit this article on nytimes.com