Here Is What's Next for Facebook's Stock After an Incredible Second Quarter

It was another blowout quarter for Facebook and the social media giant is just getting started.
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It was another blowout quarter for Facebook (FB) - Get Report and it appears the social media giant is just getting started. The company's second quarter earnings of $0.97 a share beat estimates of $0.82, while sales of $6.44 billion topped the $6.02 billion analysts had expected. Craig Erlam, a senior market analyst at Oanda, based in London, is bullish on the stock and pointed to a host of different growth levers the company has at its disposal, including the potential for Facebook Live video advertising. TheStreet's Scott Gamm reports from Wall Street.