Alex Pham

contributing editor

contributing editor

Facebook Agrees To Improve Transparency...In Europe

Wall Street Slams Facebook Following Earnings Release

On Wednesday, investors punished Facebook's stock within minutes after the Silicon Valley social networking giant released fourth-quarter financial results that beat official Wall Street forecasts, but may have fallen short of highly optimistic “whisper” numbers. The company posted $1.585 billion in revenue in the quarter ended Dec. 31, up 40% from a year earlier. Net income, however, plummeted 79% to $64 million, or 3 cents a share.