Facebook’s stock price dropped 20% in after hours trading today after it reported disappointing revenue and user growth numbers for the second-quarter. The rest of the year looks gloomy, too. “We expect our revenue growth rates to decline by high single digit percentages from prior quarters sequentially in both Q3 and Q4,” said Facebook CFO David Wehner.
“It turns out there is indeed a direct correlation between data privacy scandals and daily active users on Facebook,” Venkat Ramasamy, chief operating officer of FileCloud, told US News and World Report.
The question is, will Facebook’s newly announced policy to embrace Holocaust deniers on its platform boost user acquisition?