Facebook shares sink on perfect storm of bad news


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  • Friday, 27 Jul 2018

The Facebook Inc. application is displayed on an Apple Inc. iPhone in an arranged photograph taken in New York, U.S., on Thursday, July 26, 2018. Facebook shares plunged 19 percent Thursday after second-quarter sales and user growth missed Wall Street estimates. Photographer: Johannes Berg/Bloomberg

WASHINGTON: It has turned into a brutal reality check for Facebook. 

The social network star – which has weathered storms over privacy and data protection – is now looking at cooler growth following a years-long breakneck pace. 

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