(Reuters) Facebook Inc reported a drastic slowdown in revenue growth and failed to offer financial forecasts to quell fears about its ability to boost advertising growth, sending its shares plummeting to a record low.
In its inaugural earnings report since becoming the first American company to debut with a value of more than $100 billion, Facebook reported revenue increased 32 percent in the second quarter to $1.18 billion, in line with average forecasts.
But it offered no outlook for the current period as some investors had hoped.