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Facebook reports loss after shareholder payouts

27 July 2012 Last updated at 09:22 BST

Facebook has reported a $157m (£100m) loss on payments to shareholders, including chief executive Mark Zuckerberg, in its first results since its eagerly-anticipated stock market listing in May.

The loss was mainly due to one-off expenses associated with its flotation - excluding staff share schemes, Facebook would have made a profit of $295m.

However, it was the news about slowing growth that caused its shares to tumble, as the BBC's Michelle Fleury reports from New York.