Here's Why Facebook Stock Fell Today

Here's Why Facebook Stock Fell Today

Shares of Facebook (NASDAQ: FB) retreated on Thursday after the social media specialist reported second-quarter results and warned of a growth slowdown later this year. As of 3 p.m. EDT, Facebook stock was down more than 4%. Facebook's revenue surged 56% year over year to $29.1 billion, fueled by strong growth in its digital advertising services.