Article 3VK8H Facebook stock dives nearly 20% on warning of slow revenue growth

Facebook stock dives nearly 20% on warning of slow revenue growth

by
Cyrus Farivar
from Ars Technica - All content on (#3VK8H)
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Enlarge (credit: ROBYN BECK/AFP/Getty Images)

Facebook has shown that it cannot sail forever forward while facing various storms, including Cambridge Analytica and the Russian government's use of the social media platform to sow divisions amongst Americans during the 2016 presidential campaign.

As part of its second quarter of 2018 earnings announcement on Wednesday, the company trumpeted a huge jump in both year-over-year revenue (42 percent) and profit (31 percent).

But there has also been a notable slowdown in user growth. (Anyone recently delete their Facebook accounts?)

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