Facebook stock remained relatively flat on Thursday after the company reported a decrease in users in the U.S. and Canada but moderate revenue growth in its third-quarter earnings.
by Salvador Rodriguez
CNBC.com
acebook stock was down more than 2% on Thursday after the company reported a decrease in users in the U.S. and Canada but moderate revenue growth in its third-quarter earnings.
[…] In the U.S. and Canada, Facebook’s user base fell to 196 million daily active users from 198 million a quarter earlier. The company said its U.S. and Canada user base had been elevated during the second quarter due to the impact of the Covid-19 pandemic. The company cautioned that it expects its user base in the U.S. and Canada to remain flat or decrease in the fourth quarter.
Its user base in Europe remained flat at 305 million daily active users for the third consecutive quarter.