By any measure, this was a blow-out quarter for FB. They beat both the top and the bottom line. What else is there? They have accelerated growth. The estimates will go up.
Ebersman obviously shorted the stock. He did a pretty good job of putting a lot of doubts in people's mind on the quality of revenue and earnings. FB should have expected this hostile questions from the shorts. They need to be able to defend their numbers. Talk about the facts...nothing....but the facts. The market will decide on its merit. They did not ask the same questions to GOOG and BIDU about the teenage use of the search. Common..... I would buy the stock with caution. Things are getting better and better by the minute for FB. Stay long.
I posted this last night after they took FB to the cleaners. You have to go with the real numbers and facts. Shorts make money one day out of the year, but longs make all year around. I bet even Cramer was wrong on this. With that said, some caution will prevail. I will post a long assessment of the details on the call later. Stay tuned.