Facebook's cautious outlook stands in contrast to a bullish forecast from its digital ad rivals. Read More...
The Telegraph
Facebook shares fall as it warns of slowing growth
Facebook shrugged off its feud with Apple to double its profits in the three months ending in June, smashing past Wall Street’s expectations. The social media titan increased its profits from $5.2bn (£3.7bn) in the same period in 2020 to $10.4bn this year, while its revenue rose 53pc from $18.7bn to $28.6bn, the biggest year on year rise since at least 2017. However, the company warned that its growth would slow down “significantly” over the next six months, even when accounting for the softenin
