Heard on the Street: Facebook keeps growing, but it is unclear just how it is doing so.
Facebook has favored radical transparency for its users lately. It might want to afford the same courtesy to its investors.
The social-media giant reported generally strong first-quarter results on Wednesday, with revenue jumping 26% year over year to $15.1 billion, slightly beating Wall Street’s projections. Of note, the company set aside $3 billion as a “probable loss” for a one-time fine related to its ongoing investigation by the Federal Trade Commission. Excluding that, operating earnings would have come to about $6.4...
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