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Thursday 26 July 2018

Facebook shares plummet on tiny shortfall in predicted growth

Analysts predicted that Facebook would average 1.48B daily users, but their latest quarterly figures showed only 1.47B dailies; their projected earnings were $1.33B, but they only turned in $1.32B, and they were expected to earn $5.97/user but only earned $5.95/user -- and so their shares dropped 24% (they're slightly up from that, but still down 20%). (more…)



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