Facebook’s next move?
In this installment of Investor Beat: Shares of the social networking giant rise on better-than-expected mobile ad revenue. But what's the company's next move?
Shares of Facebook (FB) rose Thursday, after the social networking giant announced better-than-expected revenue. Mobile revenue grew to 30% of the company’s total advertising revenue. Is mobile the next big moneymaker for Facebook? On Thursday's episode of Investor Beat, our analysts debate that question. They also discuss some of the day’s other big movers and shakers.And later: someone offer the Boston Beer Company (SAM) a drink. Shares of the maker of Sam Adams and other craft brews took a drop Thursday after their earnings report, along with lower-than-expected profits, disappointed analysts.
Visa (V) coming in with strong second-quarter results and beating the Street's expectations. Meanwhile, has GM (GM) turned the corner in Europe? And will the sale of online recruitment company Monster Worldwide (MWW) go through? All that and more in our Thursday episode.
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Shares fell 9 percent during the quarter, which offers a compelling entry price now.
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