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Facebook stock hits new low of $24 after its first earnings report

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. Facebook barely exceeded Wall Street's expectations with $1.18 billion in revenue and earnings per share of $0.12 for the second quarter.

Facebook stock hits new low of $24 after its first earnings report
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