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Sunday, July 29, 2012

Facebook shares sink on growth fears.

Facebook (FB) shares dived 8.9% premarket following its Q2 report on concerns about its slowing growth, especially after it didn't provide guidance. Facebook swung to a net loss of $157M from a profit of $240M a year earlier due to large stock compensation charges, EPS was in-line with forecasts at $0.12, and revenue climbed 32% to $1.18B. The big question for Facebook is how to make money from its 543M mobile users.

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