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.
“Before Silicon Valley was known for Google employees whisked to work in private shuttles, startups valued in the billions, and people walking around with optical displays strapped to their faces, it was known simply for silicon—the stuff used to make computer chips. ” — The New Yorker