Why Facebook Stock Fell Today

·2-min read
Why Facebook Stock Fell Today

Shares of Facebook (NASDAQ: FB) sank 3.9% on Tuesday, following the release of the social media giant's third-quarter results. Facebook's revenue jumped 33% year over year to $29 billion, driven by continued growth in its core digital ad business. Facebook's monthly active users of 2.91 billion and average revenue per user of $10 also fell short of consensus estimates of 2.93 billion and $10.15.

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