Facebook shares hit by slowest growth in years, higher expenses

(Reuters) - Shares of Facebook Inc fell 7% on Thursday after the social media giant posted its slowest quarterly growth since its market debut as expenses mount and warned of continued stagnant growth. The dire forecast prompted six Wall Street analysts to cut their price targets with Pivotal Research reducing its own target by $30 to $215.Pivotal analyst Michael Levine, who downgraded the stock to "hold", said he expected cautious commentary around the first quarter of 2020 and a better..