Last updated: 3:05 PM PT
Facebook posted second-quarter earnings in line with Wall Street's expectations -- and so far that's not good enough.
In its first earnings report since going public in late May, Facebook posted a net loss of $157 million, or 8 cents a share, compared with net income of $240 million, or 11 cents a share, in the year-earlier period. Revenue came in at $1.2 billion, up from 32 percent a year ago.
On an adjusted basis, Facebook made 12 cents a share. While that was in line with what Wall Street had … Read more