Why Facebook Stock Slipped Today
Shares of Facebook (NASDAQ: FB) slipped today along with a broader pullback in the market on a weak retail sales report. That was likely the culprit for the social media giant as the performance of its advertising business is closely tied to overall consumer spending. Also today, Facebook said it would take down Taliban or pro-Taliban content, deeming the group a terrorist organization following its takeover of Afghanistan in recent days.
Facebook stock closed the day down 2.2%, while the S&P 500 edged down 0.7% and the Nasdaq lost 0.9%.
Facebook headquarters. Image source: Facebook.
Source Fool.com
