Facebook Share Prices Falls, After Growth Warning.

It expects revenue growth "to decelerate significantly".

Shares in Facebook have fallen, despite it doubling quarterly profits, after warning growth will slow sharply in the coming months.

The social media firm predicts new iPhone privacy measures will harm ad spending.

Facebook says it expects revenue growth "to decelerate significantly" in the next two quarters.

Facebook said it expects revenue growth in the third and fourth quarters to 'decelerate significantly,' sending the social media giant's shares down in extended trading https://t.co/G3x0Co3wMw pic.twitter.com/caaEtVfVEG

— Reuters Business (@ReutersBiz) July 28, 2021