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Facebook, Ford, eBay and more

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Facebook’s logo displayed on a phone screen and keyboard.

Jakub Porzycki | NurPhoto via Getty Images

Check out the companies making headlines in midday trading.

Ford — Shares of the automaker fell more than 9% on Thursday after Ford said it expected to lose half of its second-quarter production due to the global semiconductor shortage. The company did beat expectations on the top and bottom lines for the first quarter.

Facebook — The social network saw its stock pop 5.3% in midday trading after it reported first-quarter revenue of $26.17 billion, a 48% increase compared with a year prior, thanks to pricier ads. Facebook also reduced its forecast for capital expenditures for the year to…



Source cnbc.com

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