The Incredible 24 Hour Journey Of Facebook’s Stock: Spike, Plummet, Then Crawl

In less than 24 hours Facebook (FB) popped 17%, dropped 20% and then closed the day up 2.5%. What happened? Facebook reported earnings that beat Wall Street’s estimates, but then plummeted on comments from their earnings call. One of the comments that caused the stock to drop after its huge spike was from Facebook CFO David Ebersman who noted a, “a decrease in daily users — specifically among younger teens.” Traders and investors were in awe of the stock’s movement before and after the call:

Here’s what @DavidNoonan said, “Honestly, nobody could have ever written this script. Absolutely ridiculous $FB action over the past 18 hours.”

And here’s what @lamonicabuzz said, “#Stupid Stock Move of the Day! Definitely $FB. Not because it’s now up. But because it was down so much before. Crazy how volatile it’s been.”

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