Facebook shares hit a new low
Facebook dropped as much as 3.9 per cent to a record low, the fourth straight day of declines after it reported disappointing second-quarter results that showed slowing growth.
Facebook dropped as much as 3.9 per cent to a record low, the fourth straight day of declines after the world’s largest social-networking service reported second-quarter results that showed slowing growth.
Shares slipped 2.7 per cent to $21.13 at 10:08am in New York, and earlier touched $20.87 for the biggest decline since Facebook held an initial public offering on May 17th.
Facebook disappointed investors last week when it reported sales growth of 32 per cent, down from...
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