The Trader 

Market Outlook: Facebook shares slump after hours

The Trader

In a lengthy outline of second quarter earnings yesterday, Facebook shares lost up to 24 per cent of face value, their biggest ever one-day fall.  Revenue and user growth missed expectations, but it was the gloomy outlook caused by privacy issues that did the trick.  The move helped cause the NASDAQ’s 0.85 per cent drop yesterday.   

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