Facebook’s Slowing User Growth And Weak WhatsApp Revenue Send Shares Down 9
Wall Street wants growth, or else. Twitter reported slow growth of 4.8 percent yesterday down from 6.3 percent last quarter and got hammered with a 9.8 percent share price drop today. And now, Facebook’s growth slowed from 3.125 percent last quarter to 2.27 percent this quarter, and now $FB is down 9.76 percent in after-hours trading. Meanwhile, Facebook broke out financials of its $22 billion WhatsApp acquisition for the first time, and they were a tad disappointing. WhatsApp brought in just...