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The company's top-line growth is expected to slow in the coming quarters, owing to difficult year-over-year comparisons, currency headwinds, as well as a decline in the PC gaming business. At the same its margins could continue to slip as its expenses (in GAAP terms) are forecast to rise by 55% to 60% during the year. However, we believe the company's long-term growth outlook remains strong as it has multiple growth levers, including Messenger, Whatsapp, Instagram, Search, Oculus, etc. We believ...
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