Wednesday, July 25, 2018

Facebook Profit Rises, But Stock Tanks 8% On Revenue Miss

Facebook Inc. (FB), Wednesday reported a 31 percent jump in the profit for the second quarter. However, shares of the social networking giant plummeted nearly 8 percent in extended session after its revenues and monthly active users fell short of Wall Street's expectations, as the company continues to be haunted by its controversy regarding the misuse of user data.

from RTT - Earnings https://ift.tt/2mL0oEs
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