CNET: Facebook sees stagnating sales and user growth

CNET: Facebook sees stagnating sales and user growth. “Facebook’s string of scandals are taking a toll on the tech firm’s business. Facebook’s business first showed signs of cracking in July, when the company reported second-quarter sales that missed Wall Street estimates, gave a weak revenue forecast for future quarters and said the number of users in Europe had declined. The news sent Facebook’s stock free-falling nearly 25 percent in after-hours trading.”

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