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Facebook profit falls 9% as costs soarfacebook-whatsapp-reuters-210214.jpg

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Facebook Inc reported quarterly revenue that beat forecasts but its profit fell 9% as the social media company sharply increased spending to boost mobile revenue and future growth. Expenses will grow 55 to 60% in 2015 from last year, including an 82% jump in the second quarter to US$2.77 billion (RM10.6 billion), it added. "We're investing...

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