Facebook shares dropped more than 20 percent after it warned growth would slow

Zuckerberg_phone.0Facebook’s second-quarter results revealed that it is no longer growing in the U.S. and Canada, its most valuable geographic region; shares dropped nearly 20 percent in after-hours trading and will likely fall this morning when the market opens. The social media giant added just 22 million new daily active users worldwide, its lowest increase since at least early 2011. Facebook has been hampered by scandal after scandal for the past 18 months, but until now, it hasn’t seen an impact on user growth or revenue. [Kurt Wagner / Recode]

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