Updated: Thursday, 31 January 2013 05:27 | By Agence France-Presse

Facebook quarterly profits tumble, shares dive

Facebook reported a sharp drop in profits from a year ago, prompting a fresh decline in the share price of the world's biggest social network.


Facebook quarterly profits tumble, shares dive

Facebook quarterly profits tumble, shares dive

Facebook reported a profit of $64 million in the fourth quarter compared with $302 million in the same period 2011. Revenue grew 40 percent to $1.585 billion. The results triggered a five percent slide in shares in after-hours trade.

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