Facebook (Nasdaq: FB) investors who bought into the IPO hype aren’t sitting pretty right now. Shares have dropped over 40% since it went public.
The company’s earnings last month – its first quarterly report as a public company – certainly didn’t help matters. While revenue of $1.18 billion beat analysts’ estimates, the company reported an earnings loss of $0.08 per share, falling short of the expected profit of $0.12 per share.
In fact, WSD Insiders are actually profiting from Facebook’s downward spiral. Gains are currently in the double digits. Go here to find out how.
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As Facebook shares continue to fall, however, investors in the company aren’t the only ones suffering…