Face­book shares dip de­spite profit growth

New Straits Times - - Business -

SAN FRANCISCO: Face­book Inc shares dipped from a record high on Wed­nes­day af­ter the world’s big­gest on­line so­cial net­work warned in­vestors once again that its ad­ver­tis­ing rev­enue growth would likely come down from cur­rent high lev­els. The warn­ing ap­peared to out­weigh Face­book’s surg­ing quar­terly profit and rev­enue, fu­elled by growth in its mo­bile ad busi­ness, which is still not show­ing much sign of slow­ing down as the com­pany nears the five-year an­niver­sary of its ini­tial pub­lic of­fer­ing.

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