FACEBOOK FAILS TO MEET PUBLIC EXPECTATION

Facebook reported its earnings today with 1.18 billion revenue and 12 cents a share. The average revenue estimates of analysts was topped by 0.02 billion, and by 2 cents a share. The number of facebook members increased to 955 million. The stock fell down by sixteen percent, dragging down zynga slightly. The earning estimates were lowered due to Facebook's unpopularity since its IPO debut. The earnings exceeded estimates, however Facebook stock went down. This indicates that public expectation was higher than analysts' estimates. The stock could remain highly volatile on Friday morning, and possibly close low in the evening.