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Transcripts For CNBC Fast Money 20170503

A massive loss and that stork is do sto down almost a percent. Phil lebeau is gearing up for the tesla call which starts in 30 minutes and well check in with him a little bit later and we have David Garrity manning the red phone for the Conference Call. Well hear his instant reaction later. First, we cake it off with Julia Boorstin who just spoke with Sheryl Sandberg moments ago. I just got off the phone with Sheryl Sandberg and we spoke after the earnings crossed and she wanted to talk about what drove the costs to better than expected revenue and earnings. The brands are moving to facebook and mobile. Advertisers are moving dollars over to reach them. Heres what she said about growth outside of facebooks core app. Instagram is a growing part of our business. We have now 8 million business profiles on instagram that are Small Businesses and were seeing a lot of usage and we are casting ads and stories. Messenger is really in a much earlier stage and something that we are really focuse

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