COULD HAVE BEEN WORSE? FACEBOOK POSTS MIXED 3Q RESULTS
Nov 03, 2018
3 minutes
Facebook didn’t hit it out of the ballpark with its latest quarterly report, but the bar isn’t so high these days for the image-battered social networking giant.
The company reported a slight revenue miss but stronger than expected profit for the July-September period. Coming three months after its stock suffered its worst one-day drop in history, wiping out $119 billion of its market value, the mixed results were perhaps not the redemption Facebook hoped for.
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