big money

Facebook Revenues Soar, Stock Falls

Facebook certainly isn't struggling, but Wall Street can't seem to make up its mind. The tech giant reported big earnings on Wednesday, beating analysts' expectations. Fourth-quarter revenue was $1.59 billion—showing 40 percent growth. But after the report, stock of Facebook fell more than 5 percent (it recovered later). Expectations for this quarter are already high, as mobile advertising rises and Facebooks works to become profitable in the mobile era.