Facebook Sinks After Confirming Ad Growth To Slow Down “Meaningfully”
zerohedge.com / by Tyler Durden / May 3, 2017 4:32 PM
Update: If it was still a question in anyone’s mind whether Facebook was really going to slow down ad revenue growth, it’s not anymore. CFO Wehner was very clear in his comments.Wehner is doubling down on the comments from last quarter that ad growth will come down “meaningfully.” He’s also maintaining the forecast of new spending of $7 billion to $7.5 billion this year, 50 percent more than last year.
The post Facebook Sinks After Confirming Ad Growth To Slow Down “Meaningfully” appeared first on Silver For The People.
Source: http://silveristhenew.com/2017/05/03/facebook-sinks-after-confirming-ad-growth-to-slow-down-meaningfully/
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