Oct 24, 2012

Facebook posts loss

Facebook has reported a loss of $59m (£37m) despite seeing third quarter revenues rise 32% compared with a year earlier.
Category: General
Posted by: adminoya

The world's most popular online social network revealed that its income rose to $1.26bn, between July and September.

The revenues exceeded expectations, but Facebook's performance remains in the red, following a loss of $157m in the previous quarter.

Facebook's shares have lost about 50% since its stockmarket listing in May.

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