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Facebook shares slide even as profit beats forecasts

Facebook shares slide even as profit beats forecasts

Facebook surpassed expectations on all fronts in the second quarter, growing not just profit and revenue but its already-massive user base, mobile advertising and usage of its "family" of non-Facebook apps like Instagram and WhatsApp. Even so, its stock price slid after the results came out, as some investors may have been waiting for even better results, or looking to cash in on some profits as Facebook's shares have been trading near-record highs. Spending also soared in the April-June period, as Facebook had promised it would. The world's largest online social network said Wednesday that it had 1.31 billion people visiting from a mobile device at least once a...

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