Facebook Posts Big Profit but Wall Street Wants More Growth

Facebook's (FB) - Get Report  3rd quarter revenue soared 56% to $7 billion and its quarterly profit nearly tripled to $2.38 billion but the growth forecast wasn't enough for Wall Street. Facebook saw growth and higher profit, especially from mobile ads. But the social network warned that growth will slow and that is sending shares lower. Fitbit (FIT) - Get Report  has forecast a dismal holiday quarter and its shares are under pressure. The maker of wearable fitness devices forecast a dismal rest of the year and its shares plummeted more than 30% in extended trading and are set to hit record lows today. They are celebrating in the Windy City. The Chicago Cubs won the World Series in 10 innings last night. Business also boomed for baseball and the cities involved. Cleveland hotel rates skyrocketed in advance of the games. Chicago Airbnb hosts made $2.6 million during the World Series games.