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Facebook revenue growth slows, shares fall

Facebook Inc. has said its revenue growth has drastically slowed down and failed to offer financial forecasts to quell fears about its ability to boost advertising growth, Reuters has reported. The social networking reported a 32 % increase in revenue in the second quarter to $1.18bn. The company is seeing encouraging results from newly-introduced advertising services, chief executive Mark Zuckerberg said, adding that Facebook now has a "clear path" to building a strong mobile business.