Facebook Spooks Investors By Saying Teens Are Tuning Out

[blogger]

Facebook Spooks Investors By Saying Teens Are Tuning Out

Although Facebook reported quarterly results yesterday that far exceeded many analyst expectations, FB’s 15% spike in after-hours trading quickly retreated after a less-than-promising admission from Facebook chief financial officer David Ebersman. According to Ebersman, teenagers are losing interest in Facebook. “We did see a decrease in [teenage] daily users [during the quarter], especially younger teens,” […]

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