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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.(REUTERS File Photo)

The worst is yet to come: Facebook’s privacy push will erode profits for years to come

By Reuters | Reuters
UPDATED ON JUL 26, 2018 01:52 PM IST
Facebook’s 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.
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