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Facebook results top estimates, but stock whipsaws after hours

But the company said it had made changes that reduced the amount of time users spent on its social network. Facebook shares initially fell sharply in after-hours trading but recovered after CFO David Wehner maintained his 2018 expense forecast

The company’s shares, which initially dropped sharply in after-hours trading, recovered after CFO David Wehner maintained the company’s 2018 expense forecast and said Facebook would benefit from a weaker dollar in the first half of the year.