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Facebook shares tumble after revenue growth stalls

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Facebook shares tumble after revenue growth stalls

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Facebook has reported a drastic slowdown in revenue growth.

Although second quarter sales figures for the social networking site climbed 32 percent, they were nearly a third lower than the first quarter.

The firm’s shares fell 10 percent after the release of its first earnings report as a publicly listed company.

Facebook shares listed at 31 euros ($38) in May but traded at approximately 19.37 euros ($23.80) in after hours trading on Thursday.