Facebook shares hit by slowest growth in years, higher expenses

Facebook shares hit by slowest growth in years, higher expenses

Shares of Facebook Inc (FB.O) fell 7% on Thursday after the social media giant posted its slowest quarterly growth since its market debut. Facebook said on Wednesday that growth would continue to slow as its business matured and reported a surge in quarterly expenses. Facebook reported its slowest-ever revenue growth for the fourth quarter, at 25%.

David
David
Top in Business
Get the App