Facebook Sales Disappoint for First Time Since 2012
Munster: You Have to Own Facebook for the Long Haul
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Facebook Inc.’s revenue growth was stunted in the first quarter by the effects of the strong dollar, causing the social-media company to miss analysts’ sales estimates for the first time since 2012.
Sales rose 42 percent to $3.54 billion, when they could have risen 49 percent without the currency effects, Facebook said Wednesday in a statement.