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Facebook shares closed at $217.50 apiece Wednesday, prior to the company’s release of its second-quarter 2018 earnings. And those earnings were seemingly brimming with good news: Revenue was up 42 percent year-over-year, net income rose 31 percent and both daily and monthly users climbed 11 percent over the same time period.
So why did Facebook’s stock plunge as much as 24 percent in after-hours trading before opening at $174.89 Thursday, down 19.6 percent, causing the company’s market capitalization to fall from $629.6
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