Social Media Newsfeed: Facebook Earnings Call | Lawsuit Against Twitter

In its third-quarter earnings call, Facebook announces revenue of $2.02 billion, up 60 percent in the year-earlier quarter. A pair of investment firms sue Twitter. These stories, and more, in this Morning's Social Media Newsfeed.

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3Q Earnings Call: Facebook Revenue Up 60 Percent, Reaches 1.19B Monthly Active Users (AllFacebook)
Facebook reported its third-quarter earnings at the close of business Wednesday, posting revenue of $2.02 billion, up 60 percent from $1.26 billion in the year-earlier quarter, and GAAP (generally accepted accounting principles) net income of $425 million, or $0.17 per share, compared with a net loss of $59 million (-$0.02)

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