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The Facebook stock price was down 0.4% in early morning trading following news that CEO Mark Zuckerberg will be taking an extended paternity leave following the birth of his daughter.
Zuckerberg announced in July that he and his wife Priscilla were expecting a child, potentially placing the CEO's departure around April or May 2016.
Facebook Inc. (Nasdaq: FB) offers up to four months of paternity leave to U.S. employees, but Zuckerberg will only be gone for two months. He stated in a Facebook post on Nov. 20 that it was a very personal decision.
Facebook stock is experiencing a slight pullback because of the Mark Zuckerberg news, but this is not a bearish indicator for the Facebook stock price…
In its last earnings report, the social media giant easily beat Wall Street's expectations. Facebook reported earnings per share (EPS) of $0.57 on $4.5 billion in revenue. That beat Wall Street's expectations of $0.52 on $4.37 billion in revenue.
Facebook also increased monthly active users (MAUs) in Q3 2015 by 14% from Q3 2014. Daily active users of 1.01 billion beat expectations of 992 million.
Since FB stock closed at $74.01 on Nov. 24, 2014, the FB stock price has skyrocketed over 31% on the year. The Facebook stock price opened today at $107.19.
Such impressive growth leaves investors wondering if it's too late to invest in Facebook stock…