Nov 3, 2016
Facebook performs well, but hints at a slowdown next year
The company is on pace to reach $27 billion in revenue this year.

Justin Sullivan/Getty Images
Despite stellar growth, Facebook shares dropped 7 percent in after-hours trading as some investors realized there will someday be a limit to how fast Facebook can grow. The company is on pace to reach $27 billion in revenue this year, with third-quarter profits nearly tripling to $2.38 billion. Monthly users grew by 16 percent to 1.79 billion — much of it international. But Facebook warned that next year it would reach a limit on how many ads it could place in people’s feeds. Many analysts fully expect a slowdown in growth in 2017.
Click the above audio player to hear the full report.