Tech Rewind: Weird Week for Social Stocks... Lookin' at You, Facebook, Twitter

http://socialnetworkingnews.org/tech-rewind-weird-week-for-social-stocks-lookin-at-you-facebook-twitter/

It was a weird week for social stocks as Facebook and Twitter both spooked investors with their quarterly results — this is your tech rewind of the week.

The two social giants booked quarterly results that largely matched Wall Street expectations, but both companies revealed slowed user growth numbers that frightened investors, sending both stocks down more than 9% and 10% respectively on the news. Facebook (FB
FACEBOOK INC.
) posted adjusted third-quarter earnings per share of 43 cents on revenues of $3.2 billion, topping analyst views.

Source: www.foxbusiness.com

See on Scoop.it – social networking