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After Bad Day For Market, Facebook's Revenue Rise Boosts Stock

Wall Street's bad day — the Dow Jones industrial average fell more than 240 points (1.8 percent) — has been followed by something unusual these days: good news about Facebook's shares.

The social media giant's stock is up about 10 percent in "after-hours" trading, to more than $21, because it just reported an increase in third-quarter revenue, to $1.3 billion from about $950 million in third-quarter 2011. The revenue was also about $300 million greater than analysts had been forecasting, Bloomberg News says.

What's more, as The Wall Street Journal notes, while the company "posted a loss of $59 million, or 2 cents a share," that was about $300 million better than expected.

Copyright 2012 National Public Radio. To see more, visit http://www.npr.org/.

NPR

Decades Later And Across An Ocean, A Novel Gets Its Due

John Williams' Stoner sold just 2,000 copies when it was originally published in 1965. It's now acknowledged as a classic work, is a best-seller across Europe and the No. 1 novel in the Netherlands.
NPR

Giant Renaissance Food People Descend Upon New York

Giuseppe Arcimboldo was a 16th-century artist who liked to play with his food, transforming it into the building blocks of many of his fantastical portraits. Artist Philip Haas has taken those portraits out of museums, reinterpreting them as colossal statues that interact with the natural environment.
NPR

Political Takeaways: Headaches For The White House

Controversies dominated this past week's political headlines, leaving the Obama White House on the defensive, trying to contain any lasting damage. Host Rachel Martin talks with NPR's Mara Liasson.
NPR

Young Kenyans Build Mobile Apps For Local Use

College students and recent graduates crammed the top floor of a tech hub in Nairobi for a competition built around the theme "Solutions for the Next Billion Mobile Users." Africa has more than 600 million mobile phone users (approximately 11 percent of the global total) – and the number is growing.

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