Facebook reports slower-than-expected 2Q revenue growth

Facebook reports slower-than-expected 2Q revenue growth

6 years ago
Anonymous $RBasgWKaIV

https://apnews.com/6661702817b2455d916b481435701446

NEW YORK (AP) — Facebook's user base and revenue grew more slowly than expected in the second quarter as the company grappled with privacy issues, sending its stock tumbling after hours.

While it was the company's first full quarter following the Cambridge Analytica privacy scandal, analysts attributed the user growth shortfall largely to European privacy rules that went into effect in May.

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