It's Thursday, July 30th. Welcome to Market Foolery. I'm Chris Hill joining me in studio today for Motley

Fool Funds, Bill Barker, and Charlie Travers. Happy Thursday. Thank you, Chris.

We've got some household names to kick around for earning season and at least one that, I'll be honest, I've never heard

at this company, but I'm intrigued.

But let's start with the social network, Facebook's second quarter revenue. Let's

second quarter revenue topped four billion dollars for the first time.

Stocked down a little bit though, Bill, because the number, and there are a lot of metrics here, but the one that Wall Street seems to be focusing on is the spending, and that is spending rows 82% year over year.

I know they got a lot of money, but they sure are spending a lot of it too in the stock down about 2%

this morning.

Yeah, which given how well the stock is done and how high it is now, we were talking about

this.

It's the 10th largest company in the country?

I think that was globally.

Globally. By market cap but the fastest company to reach a market cap of 250 billion dollars yeah and and so there's a lot of achievement behind that, a lot of enthusiasm on top of that for additional execution

by the company, and today's earnings report was very good and contained the information that that outstanding

execution is not free, you know, that they've got to make significant investments in people

and products. And so when you're tweaking your models maybe you say

oh well the growth looks as good as ever but the total amount of cash that

the company retains from that growth is going to be slightly

less. I mean 2% off of as we say a market cap as high as this one is is really

nothing. I feel a little bad for the people at Twitter, only in

this regard that there seems to be this almost manic insistence on the part of the financial media to lump those two businesses

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