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Business
3:11 am
Tue April 24, 2012

Business News

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Originally published on Tue April 24, 2012 5:30 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.