![]() ![]() staff-Facebook Inc said on Wednesday it expects revenue growth in the third and fourth quarters to decelerate significantly, sending the social media giant’s shares down about 5 in extended trading. In the third and fourth quarters of 2021, we expect year-over-year total revenue growth base to decelerate significantly on a. Facebook has warned that it expects revenue growth to slow down 'significantly' in the second half of 2021. ![]() The company continues to face pressure from global lawmakers and regulators, including from the US Federal Trade Commission which has until August 19th to refile its antitrust complaint against the company and from a group of states who said on Wednesday they would appeal the judge's dismissal of their lawsuit.įacebook hit $1 trillion market cap for the first time last month when the judge threw out the original complaints. Facebook warns growth to slow significantly, mandates vaccine for U.S. So, of course, in July 2021, Wehner wailed another warning. We cant always stop inflation from going higher or lower than that. NEW YORK: Facebook said on Wednesday (Jul 28) it expects revenue growth in the third and fourth quarters to 'decelerate significantly', sending the social media giants shares down about 5 per cent in extended trading. Analysts had expected a profit of $3.03 per share. Raising interest rates is the tool we use to bring inflation down. Profit after tax rose to $10.4 billion, or $3.61 per share, from $5.18 billion, or $1.80 per share, a year earlier. Facebook also warned of expected obstacles 'from regulatory and platform changes. For its second quarter, however, the firm surpassed estimates and reported 29.1 billion in revenue. Facebook said on Wednesday it expects revenue growth in the third and fourth quarters to 'decelerate significantly,' sending the social media giants shares down about 5 per cent in extended trading. "In the third and fourth quarters of 2021, we expect year-over-year total revenue growth rates to decelerate significantly on a sequential basis as we lap periods of increasingly strong growth," chief financial officer Dave Wehner said in the earnings release. Drew Angerer/Getty Images Facebook said growth will slow down in the coming months after a pandemic-driven boom. Curated by professional editors, The Conversation offers informed commentary and debate on the issues affecting our world. Facebook, like its peers, has seen increased demand for digital ads as the pandemic drove consumers to shop largely online, forcing several businesses to create online stores and markets using social media platforms. ![]()
0 Comments
Leave a Reply. |