Facebook Inc's shares fell as much as 5 per cent on Thursday 30/07/2015, after the company's weak advertising sales growth outlook dampened investor expectations boosted by Google Inc's strong report earlier this month.
"The number one reason is that ... some investors looking at these results are deciding to take their profits," FBN Securities analyst Shebly Seyrafi said.
The stock is expensive compared with that of its peers, according to Thomson Reuters data.
However, Wall Street analysts think the stock has more room to grow and expect Facebook's strong investments to boost long-term growth.
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