5:12 PM · 30 October 2020

Facebook's stock drops over 6% as user growth decline

Facebook
Stocks
FB.US, CLOSE ONLY / Meta Platforms Inc (Cboe BZX Real-Time Quote)
-
-
Facebook (FB.US) reported profit of $2.72 per share for the third quarter, beating the consensus estimate of $1.91 a share. Revenue also came in above analysts' expectations. However, user base in US and Canada dropped from 198 to 196 million and company expects it will remain flat or decrease in the fourth quarter. Facebook also warned of a “significant amount of uncertainty” for the coming year as the accelerated shift to online shopping and the digital advertising boom during a pandemic could soon be over, and platform changes and new regulations could hamper the social media giant's operations. Investors reacted nervously to these statements and Facebook shares fell during today's session by over 6.5%. 
Facebook (FB.US) stock launched today's session lower and broke below the 50 SMA (green line) and the long term upward trendline. Currently price is approaching major support at $257.00. If a break below occurs, then downward move could be extended to the $247.00 level. However if buyers will manage to halt declines there, then another upward movement towards $286.50 could be launched. Source: xStation5
3 October 2025, 6:47 PM

Daily Summary: US2000 leads on Wall Street📈Crypto and metals up, US dollar down

3 October 2025, 4:25 PM

Coinbase shares above important resistance zone🔔

3 October 2025, 4:11 PM

US500 hits new all-time high📈Applied Materials loses, RareEarth USA surges on US deal rumors

3 October 2025, 12:46 PM

DE40: Europe looking for direction amid mixed PMI reports

Join over 1 700 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits