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Facebook: Q3 Reversal And Strategy Changes Indicate Potential Bottom

Facebook: Q3 Reversal And Strategy Changes Indicate Potential Bottom

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Facebook released Q3 2021 results overnight, and shares recovered slightly after having fallen 14.5% from their September peak. Ad revenues reversed in Q3 to fall below Q2, due to the one-off impact of iOS 14 and macro issues, but other operational trends were solid.

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