Facebook Reports Slower-than-expected 2q Revenue Growth

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. Facebook had 2.23 billion monthly users as of June 30, up 11 percent from a year earlier.Read more on NewsOK.com

Topics:  york ap     facebook   cambridge analytica   european   june   newsok   facebook   revenue   growth   privacy   company   quarter   user   

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News