FB ～～ Q4 warn# Stock
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management on the call said that it will not further boost ad load in users
’ news feed this quarter, which it noted had been a major driver of
improving results this year. It also said that it would see a higher tax
rate, and trimmed its capex outlook for this year to $1.4 billion from a
prior $1.6 billion.
’ news feed this quarter, which it noted had been a major driver of
improving results this year. It also said that it would see a higher tax
rate, and trimmed its capex outlook for this year to $1.4 billion from a
prior $1.6 billion.