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Old 31st July 2015, 08:42   #1
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Default Facebook profits fall

Social notworking site Facebook has seen its profits fall as it sharply increased spending to boost mobile revenue and future growth.

Expenses will grow 55 to 60 percent in 2015 from last year, including an 82 percent jump in the second quarter to $2.77 billion, it added.

http://www.techeye.net/business/facebook-profits-fall
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