The market didn't likeFacebook's quarterly report on Tuesday, but was it really that bad?
Despite the chatter that the social-networking website is fading in popularity, having a whopping 955 million monthly active users is a 29% increase over the past year. And despite concerns about mobile and monetization in general, revenue growth at a 32% clip shows that the company is making more money per user.
There's no denying that the company hit the market with lofty expectations. You won't find too many debutantes going public with market caps north of $100 billion. However, the stock has given back so much of that amount, and the fundamentals continue to improve.
Facebook isn't bad or broken. It just tends to be as misunderstood as an "It's Complicated" relationship status.
Briefly in the news
And now let's take a quick look at some of the other stories that shaped our week.
- IMAX narrowly missed Wall Street's quarterly targets, but the provider of super-sized cinematic experiences did close out the quarter with a growing backlog of theaters to install. In other words, more larger-than-life screens are coming to a multiplex near you.
- Sirius XM Radio is retiring $186 million worth of debt. We can probably all afford to lose a few pounds.
- Coinstar posted disappointing quarterly results and issued uninspiring guidance for the balance of the year. Redbox is still growing, but the future of DVD rentals isn't that bright.
- Finally, Apple missed Wall Street profit targets for the second time over the past year. That rarely happened when Steve Jobs was around, but it doesn't mean CEO Tim Cook is on the hot seat.
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