What have you always wondered about the economy? Tell us

A down day for Facebook

Aaron Schrank Jul 26, 2018
HTML EMBED:
COPY
The Facebook logo is displayed at the 2018 CeBIT technology trade fair on June 12, 2018 in Hanover, Germany. Alexander Koerner/Getty Images

A down day for Facebook

Aaron Schrank Jul 26, 2018
The Facebook logo is displayed at the 2018 CeBIT technology trade fair on June 12, 2018 in Hanover, Germany. Alexander Koerner/Getty Images
HTML EMBED:
COPY

Wednesday was, shall we say, not a good day for Facebook. The company reported slower than expected revenue growth in its latest quarterly earnings report — and investors were not happy about it. Shares of the company fell as much as 23 percent in after-hours trading. The biggest ding came from Europe, where advertising revenue slowed the most. It’s also where the company actually lost average daily and monthly users last quarter. On top of slower growth, Facebook is also spending more thanks to the General Data Protection Regulation, a new data privacy law in Europe, and scandals in the U.S. that have the company working overtime to clean up the platform and its practices. 

Click the above audio player to hear the full story.

Marketplace is on a mission.

We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.

Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?

Your donation is critical to the future of public service journalism. Support our work today – for as little as $5 – and help us keep making people smarter.