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VIDEO: Facebook profits plunge by 80%

2013-01-31 12:28:33| BBC News | Business | UK Edition

It may have more than one billion users, but Facebook announced a plunge in its profits of around 80% to $64m (40.4m) in its second earnings update on Wednesday night.

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SWA Again Warns About Free Ticket Scheme on Facebook

2013-01-31 11:47:43| Airlines - Topix.net

For the second time this month, Dallas-based Southwest Airlines is warning people about a scheme claiming to offer two free tickets.

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Facebook Q4 revenues rise 40% to USD 1.59 billion

2013-01-31 08:31:00| Telecompaper Headlines

(Telecompaper) Facebook reported 40 percent growth in revenue to USD 1.59 billion in the fourth quarter, compared with USD 1.13 billion in the year-earlier period. Advertising revenues rose by 41 percent to USD 1.33 billion, or 84 percent of turnover. The remaining revenue came from payments and other fees, essentially flat year-on-year. Facebook increased its costs and expenses 82 percent to USD 1.06 billion in the fourth quarter, with capital expenditure at USD 198 million. Net income from operations slipped to USD 523 million from USD 548 million in the fourth quarter of 2011. Facebook's net profit fell to USD 64 million from USD 302 million, and EPS to USD 0.03 from USD 0.14. Founder and CEO Mark Zuckerberg said, "In 2012, we connected over a billion people and became a mobile company. We enter 2013 with good momentum and will continue to invest to achieve our mission and become a stronger, more valuable company.

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Facebook moving fast on mobile, and spending tons on everything

2013-01-31 04:31:30| CNET News.com

The social network showed for a second time that mobile can be a major cash cow. Too bad it takes money to make money. [Read more]

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Facebook sends some positive signals for future

2013-01-31 01:00:00| Total Telecom industry news

Social network generated 23% of its advertising revenue from mobile devices in Q4.

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