Facebook Falls as Use on Social Site Drops: San Francisco Mover
By Lisa Rapaport
Jul 17, 2012
Facebook Inc. (FB), operator of the world’s largest social-network, declined after a report from Capstone Investments said the number of users fell over the past six months.
The shares of Menlo Park, California-based Facebook decreased 0.6 percent to $28.09 at the close in New York, adding to a 8.1 percent slide yesterday. Shares of Zynga Inc. (ZNGA), which gets most of its revenue from games played on Facebook, dropped 5.2 percent to $4.58.
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