Facebook beat Wall Street analyst’s expectations, who estimated revenue at $1.53 billion. Shares were also reported at 17 cents, while the Street was expecting 15 cents. The company also announced net income of $64 million.
“Sources say there has been a “bloodletting” at DTP, with numerous layoffs beginning this morning. Employees have been called in for individual meetings and entire teams have been cut from the payroll.” – Las Vegas Weekly