U.S. Markets open in 1 hr 33 mins

Facebook stock surging after Q1 earnings beat, despite expectations of a $3B FTC fine

Facebook stock surging after reporting quarterly earnings that beat estimates. The social media giant's top and bottom lines hit record highs last quarter, as well as user numbers. This coming as Facebook expects to pay $3 billion in privacy-related fines to the FTC. Jefferies Senior Tech Analyst Brent Thill joins Yahoo Finance Seana Smith.