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Spending plans trigger Facebook stock retreat

(Reuters) – Facebook Inc (FB.O) shares slid on Thursday, as investors shrugged off strong quarterly results and worried about the cost of the company’s decision to spend more on preventing misuse of the world’s biggest social media network.

FILE PHOTO: Facebook logo is seen at a start-up companies gathering at Paris’ Station F in Paris, France on January 17, 2017. REUTERS/Philippe Wojazer/File Photo

Shares of the company were down as much as 2.6 percent at $177.82 in morning trading on Thursday, making it the biggest drag on the S&P 500 and…

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