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Facebook's grim forecast: privacy push will erode profits for years

Updated : July 26, 2018 03:58 PM IST

The second-quarter results were the first sign that a new European privacy law and a succession of privacy scandals involving Cambridge Analytica and other app developers have bit into Facebook's business.
Facebook's fortunes shifted in under two hours as the company first reported revenue and user growth that missed expectations and then issued warnings about future growth and expenses. 
Facebook's grim forecast: privacy push will erode profits for years

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