Facebook Stock Hits New Low

Facebook beat the Street’s estimates for its second quarter, but investors were apparently looking for more.

In after-hours trading, Facebook’s stock dipped below $24, a new low for the stock, which had made its debut in mid-May at a price of $38. Trading in afterhours fell more than 10% after a day in which the stock had already fallen 8.5%.

The battering comes a day after Zynga’s stock fell 40% in afterhours on Wednesday when the company posted a net income loss of $22.8 million.

More to come…

Bonus: Facebook Earnings By the Numbers

Facebook Earnings: By the Numbers

Welcome to Facebook’s First Quarterly Earnings!

For its first post-IPO earnings call, Facebook put out a whole bunch of slides
First, The Disclaimer
How Many Users?
How Many Are Really Active?
Mobile is Growing
So is Revenue
US and Canada Are Driving Lots of Revenue
Revenue Per User

Americans and Europeans still pitching in the most.
Share-Based Compensation Expense
Expenses as a Percent of Revenue

Is Facebook spending more on R+D?
GAAP Income (loss) from Operations and Margin
GAAP Net Income (Loss)

Um, somehow this doesn’t look good.
Non-GAAP Net income
Capital Investments
Employees

Looks like Facebook has almost 4,000 employees.