Technology News

Facebook warns growth will slow, shares dip

Facebook Inc shares tumbled 7 percent in after-hours trading on Wednesday as the world’s largest online social media network warned that revenue growth would slow this quarter, offsetting strong earnings that handily beat Wall Street estimates. The slip reflected doubts among investors that the company can continue its runaway success, even as it reported strong […]

Technology News

<div>Fitbit's holiday-quarter sales forecast misses estimates, shares plunge</div>

(Reuters) – Wearable fitness device maker Fitbit Inc’s revenue forecast for the key-holiday shopping quarter fell well short of analysts estimates, hurt by stiff competition from rival device makers. Shares of the company, which also reported lower-than-expected quarterly revenue, plummeted more than 30 percent in extended trading on Wednesday. Fitbit forecast revenue of $725 million […]