Called to Account: Even after lowered guidance, Facebook is still one of few big revenue growth stocks

Is the market rout at Facebook Inc. just an extreme example of short-term thinking by stock investors?

Even with new, lower revenue growth expectations, Facebook FB, -0.78% is still one of only 11 companies in the S&P 500 that have notched year-over-year revenue growth of 20% or more in the last eight quarters.

Facebook shares slid 20% Thursday, after its CFO shocked investors by saying revenue growth would start to decelerate, from a 42% growth rate in the current quarter to about 20% by the end of the fourth quarter.

It could be the largest single-day loss of market cap in U.S.

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