Tuesday, April 24, 2012

FACE BOOK PROFIT DECLINES


FB disclosed with additional filings  that its profit in the first quarter fell  by 12 percent, to $205 million.  However its revenue exceeded $1 billion for the second consecutive quarter.

FB has 901 million monthly active users, 30 percent more than a year ago.

Facebook recently paid $1 billion to acquire photo-sharing company Instagram.

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