Facebook’s revenue came in lighter than expected during the third quarter, but Wall Street breathed a big sigh of relief that users in the US did not flee the social network in droves after a string of scandals.
Facebook’s daily users in the US – its most valuable market – flatlined at 185 million during the three months ended September 30, the same level as at the end of Q2.
Not long ago such a lack of growth would have been considered a big cause for concern among Facebook investors. But in a sign of how low the expectations have become, investors celebrated the fact a feared user exodus did not materialise.
Click here to read more about Facebook’s third-quarter earnings.
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