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Facebook reports Q1 2017 revenue of $8.03 billion, warns again of ad growth

May 4, 2017

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Facebook Inc shares dipped from a record high on Wednesday after the world’s biggest online social network warned investors once again that its advertising revenue growth would likely come down from current high levels.

The warning appeared to outweigh Facebook’s surging quarterly profit and revenue, fueled by growth in its mobile ad business, which is still not showing much sign of slowing down as the company nears the five-year anniversary of its initial public offering.

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