Facebook shares fall despite Street-beating quarter

July 29, 2015 8:42 PM

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SAN FRANCISCO — Facebook shares fell 2% in after-hours trading on growing concerns over rising expenses despite a Street-beating quarter that showed continued growth from the giant social network.

The Menlo Park, Calif.-based company reported revenue jumped 39% to $4.04 billion in the second quarter, up from $2.91 billion a year ago.

Also read: Amazon misses on earnings, stock down 5%

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