A day after the congressional grilling, Facebook (NASDAQ: FB) reported second-quarter financial results after the closing bell on Thursday. The social media giant posted revenue and earnings that were stronger than what the street had anticipated.
FB shares gained 7.7% immediately following the announcement. The stock has gained a modest 11% since the beginning of this year.
On Wednesday, Facebook chief Mark Zuckerberg, along with the CEOs of peers Apple (NASDAQ: AAPL), Alphabet (NASDAQ: GOOGL) and Amazon (NASDAQ: AMZN) presented themselves before the congress to testify in an antitrust hearing. During the hearing, Zuckerberg was faced with some difficult questions relating to its ad revenues, acquisition strategy and strategies to combat hate speech and political propaganda.
Yelp (NYSE: YELP) reported second-quarter financial results after the regular trading hours on Thursday. The results were better than what the street had anticipated. YELP shares rose 4% immediately following the
Uber Technologies (NYSE: UBER) reported its second-quarter 2020 financial results after the regular trading hours on Thursday. Revenues exceeded the estimates, while the bottom-line missed. Shares of the ride-hailing company
TMobile US Inc. (NASDAQ: TMUS) on Thursday announced financial results for the second quarter of 2020, reporting a 61% increase in revenues aided by strong customer growth. The results also