4:04am

Tue April 24, 2012
NPR Story

Business News

Originally published on Tue April 24, 2012 6:30 am

Weeks ahead of its initial public offering, Facebook released its first quarter profits Monday, and they are down 12 percent from a year ago. At the same time, company expenses have nearly doubled. Facebook attributes some of that to market expansion, which requires more employees and infrastructure.

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