While you were sleeping: Facebook slides on revenue

Thu, 03 Nov 2016

By Margreet Dietz Nov. 4 (BusinessDesk) - Wall Street slid, as Facebook shares dropped, while the uncertainty about the outcome of the US presidential election continued to weigh on sentiment. Shares of Facebook sank, down 5.5 percent as of 1.25pm in New York, after the company warned of a slowing pace of revenue growth. "We expect revenue growth rates will decline as we lap strong quarters," Facebook's Chief Financial Officer David Wehner said in a conference call with investors, according to CNBC. Wehner also warned of an increase i...

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