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Facebook shares fall 10 percent
 
The excitement over Mark Zuckerberg's recent Facebook announcement is dying down as users scrutinize the redesign's effect on privacy.
The excitement over Mark Zuckerberg's recent Facebook announcement is dying down as users scrutinize the redesign's effect on privacy.
Justin Sullivan/Getty Images

On Thursday, Facebook made its first earnings report since becoming a publicly traded company in May, and its share price fell 10 percent in after-hours trading over concerns that its revenue growth was slowing. Facebook reported a second-quarter profit of $157 million on $1.2 billion in revenue, which was up 32 percent from a year ago, but a considerable slowdown from the larger year-over-year revenue gains that Facebook was logging a few quarters ago. However, Facebook continued to add users and advertising revenue, its main source of income, climbed 28 percent. 

 

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