Facebook Q1 2013 Results Are Out - Short Sellers Should Start Covering
by Dividend Pros
Facebook (FB) has released its Q1 2013 earnings results and an initial look suggests that things are looking good for the social networking giant. As I had said in my earnings preview, a slight miss or beat on the top or bottom line won't matter since Facebook's target for this year is not to maximize profits; it's the underlying growth metrics that would matter. Specifically, investors and analysts were most interested in mobile growth. Moreover, investors were also hoping for Facebook to clarify reports that it was losing users in developed markets and its engagement levels were going down. Here is my initial take on the earnings release. read more »
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