Facebook share price dips as spending soars

During the second quarter, Facebook’s year-on-year revenue went up 39 per cent to $4.04bn (£2.59bn), while earnings-per-share increased from 42 cents to 50 cents.
The results were marginally better than the $3.99bn revenue and 47 cents-per-share analysts expected, but there was simultaneously an 82 per cent increase in spending by the company as it focused on growing the mobile side of its business.

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