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

Updated : July 26, 2018 06:57 AM IST

Facebook said that profit margins would plummet for several years.
Grim forecast due to the costs of improving privacy safeguards and slowing usage in the biggest advertising markets.
Operating profit margin, which fell to 44 percent in the second quarter from 47 percent a year ago, will sink to the "mid-30s" for more than two years
Facebook's grim forecast: privacy push will erode profits for years
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