Here's how millennials are trading Facebook ahead of earnings by Kimberly Chin on Nov 1, 2017, 12:45 PM 
Facebook's stock is climbing to record highs ahead of its third-quarter earning report due out after Wednesday's closing bell. The stock is the sixth most popular on the trading app Robinhood, which has a large millennial user base. Millennial investors are bullish on the stock ahead of earnings, according to Sahill Poddar, a data scientist at Robinhood. In the week leading up to the results, there were 20% more investors who bought shares of Facebook than sold them on Robinhood's platform. Shares have rallied 6.47% since last Wednesday. Investors under 30 are a bit more optimistic than their older counterparts, Poddar said. For millennials under 30, 40% more investors bought Facebook shares rather than sold them. For their counterparts over 30, 10% more investors bought shares rather than sold them. Facebook has drawn some unwanted attention after it revealed an estimated 126 million users saw Russia-backed ads on its platform between 2015 and 2017. Yet investors are optimistic about its pace of user and advertising revenue growth, Mark Mahaney of RBC Capital Markets wrote in a note to clients. Wall Street is expecting the company to earn $1.28 per share on revenue of $9.84 billion, according to Bloomberg data. Facebook's earnings follow a wave of positive earnings last week, which saw Microsoft, Amazon, Alphabet and Intel all exceeding Wall Street expectations. Facebook has gained 55.09% this year. 
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