Despite meeting analysts' operating earnings estimates of 12 cents a share, Facebook shares were hammered Thursday, falling more than 10% in after-hours trading. Here's why.Faced with Facebook, Starbucks and Angela Merkel, the U.S. stock market chose to focus on Merkel. For a second day, Wall Street powered higher after European leaders, including German chancellor Merkel, pledged to protect the union of 17 countries thatDespite meeting analysts' operating earnings estimates of 12 cents a share, Facebook shares were hammered Thursday, falling more than 10% in after-hours trading. Here's why.Investors, trusting Facebook as far as they can see it, have sent the social network's stock tumbling down to bottom-of-the-barrel lows. Shares were absolutely hammered in after-hours trading Thursday and again early Friday,Facebook's stock fell 11 percent in after hours trading this afternoon, reaching a new low of $24, after the social network reported earnings for the first time as a public company.
Related External LinksFacebook Q2 2012 earnings analysis: Early investors got playedFacebook stock tumbles after first loss as public company - The NationWhy Facebook's stock is struggling despite phenomenal revenue ...The Biggest Losers From Facebook's Stock Crash - Business InsiderFacebook Stock Continues to Fall After Earnings Report - NYTimes
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