Traders in Facebook Taking Profits Amid Conflicting Active Users Reports
Shares of Facebook (NASDAQ: FB) are down more than 1.5 percent in pre-market action Friday morning as investors are digesting mixed data related the company's Instagram app.
Early Thursday, BGR said Instagram's monthly active users for the two weeks prior to Christmas totaled 43 million. Friday morning the NY Post is running a piece suggesting Instagram's daily active users had fallen to 12.4 million as of December 26th.
Despite the quiet on Wall Street Friday, over 350,000 shares of Facebook have already traded in pre-open trade.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.