
Facebook status update fails to spook investors
Facebook's shares rose in after-hours trading after its latest results soothed investor fears of a drop-off in user growth. Its third quarter figures showed a rise in user growth, revenue and profits.The company had previously warned of an easing in key growth rates for the rest of the year because of several pressures including the rising cost of security protection.While it missed analysts' estimates in terms of user growth between July and September, Facebook still achieved 2.27 billion monthly active users while daily active users rose to 1.49 billion from 1.47 billion in the previous three months. Image: Mark Zuckerberg says Facebook's platforms, which include Instagram and WhatsApp, are continuing to grow They represented an...