Facebook earns $1.2 billion in third quarter
Mark Zuckerberg rings the Nasdaq opening bell on May 18, 2012.
October 23rd, 2012
04:38 PM ET

Facebook earns $1.2 billion in third quarter

There was a whole lot of talk about a Facebook face plant when the company's stock first went public.

And then there were massive concerns about how the company was raising money and moving into the future. We just got a little bit of information that may show whether critics were right or not. The company's third quarter sales were reported to be $1.2 billion, a number that is in line with analyst expectations, according to CNNMoney.com.

Their stock began rising, showing perhaps, that better things are on the horizon for the social media giant.

soundoff (6 Responses)
  1. Jeff Frank (R-Ohio) "Right Wing Insanity"

    I'm taking bets, that CNN will delete the local community list posted just before 5:20pm. 😉

    October 23, 2012 at 5:20 pm | Report abuse |
    • banasy©

      Eastern or Central time?
      If it's Eastern, you lose! 😉

      October 23, 2012 at 6:12 pm | Report abuse |
  2. Portland tony

    Ever since they went public, the number of ads and other unsolicited Cr*p has appeared on my FB page has increased substantially ...So that's one way for them to increase revenue....but I don't like it. Hopefully the law of diminished returns will kick in.

    October 23, 2012 at 6:48 pm | Report abuse |
  3. Benn

    Hi Jeff. Would you maybe consider adding my name one day. Usually I post as Ben but others seem to also. I only post nice things and Banasy is my hero (that's a secret though )

    October 23, 2012 at 8:00 pm | Report abuse |
  4. Govfundedcontractingfortheworld

    Americans once called this "colonizzzzation" – obviously they were incorrect... 🙂 follow the contracts and the
    "private" contractors and be amazed.... eh banasy? 🙂

    October 24, 2012 at 12:41 am | Report abuse |
  5. Is someone obsessing over banasy are they?

    Dude you need to get a life! Im sure you will be alone in that life but youre kinda warped so it sounds if that would be best for humanity as a whole!

    October 24, 2012 at 12:54 am | Report abuse |