Six news items to get you ready for Halloween parties and other current events chatter:
1. Facebook Has a Monster of a Third Quarter. It was a roller coaster day for Mark Zuckerberg and the folks at Facebook, Inc. On Wednesday, the social network’s stock hit an all-time high after reporting sharp gains in net income and revenue. USA Today reported on Wednesday that Facebook had taken in $621 million in net income on $2 billion in revenue for the third quarter, confounding analysts who had projected that the social network would net $462.3 million on $1.9 billion in revenue. Additionally, Zuckerberg revealed that almost half of the company’s income now comes from mobile, up from 41 percent in the second quarter to 49 percent in the third. But Zuckerberg shouldn’t pop the champagne corks just yet (or buy even more property surrounding his already ginormous home in Palo Alto, Ca.). Facebook’s stock dropped slightly after the company revealed that teens are turning away from the social network, confirming the findings of an October survey from Piper Jaffray that found teens preferred Twitter Inc. and (Facebook-owned) Instagram. Zuckerberg has previously admitted that Facebook is no longer cool, telling an audience at The Atlantic in September: “People assume that we’re trying to be cool. It’s never been my goal. I’m the least cool person there is!”
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