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Facebook Quarterly Profit Rises 59% as Use Grows

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Facebook Inc warned on Tuesday of a dramatic increase in spending in 2015 and projected a slowdown in revenue growth this quarter, slicing a tenth off its market value.

Chief Financial Officer Dave Wehner told analysts on a conference call that the social network is preparing for a 55 per cent to 75 per cent spike in expenses next year, when the world’s largest social network intends to invest in Whatsapp, Oculus and other products that have yet to show a profit. Read more at Telecom Economic Times

Wahengbam Rorrkychand

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Website: http://www.blog.tonsetelecom.com

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