By Beth Stebner PUBLISHED: 15:37 EST, 26 July 2012 | UPDATED: 02:59 EST, 27 July 2012 Anxious: Facebook CEO Mark Zuckerberg is under tremendous pressure to make sure his company does well following its IPO Facebook posted its revenue of $1.2billion this afternoon in its first earnings report since going public. It comes as good news to the social network, which has been struggling to recover its image with investors after its botched initial public offering in May. The revenue report shows that Facebook is up 32 per cent in worth from last year, welcome news for a struggling Wall Street.
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Facebook's first revenue report since IPO beat estimates
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However, shares down to $26.84
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Zynga Inc slumped 40% in per-market trading
However, the market closed with shares of @placeholder down at $26.84, an 8.5 per cent loss.