Something is going very right at the world’s social network. At least according to Wall Street.
It looks like strong mobile ad performance has breathed new life into Facebook’s stock.
Facebook co-founder Dustin Moskovitz is slowly offloading his sizable stake in the social network.
Facebook’s first insider has promised not to sell any of his holdings in the social network for at least one year.
Facebook’s stock fell 11 percent in after hours trading this afternoon, reaching a new low of $24, after the social network reported earnings for the first time as a public company.