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Wireless

Facebook warns for drop in margins on increased security costs

Wednesday 1 November 2017 | 22:54 CET | News
Facebook has warned its profitability will suffer as it invests more in security on its platforms. However, its latest quarterly results showed little sign of a slowdown. Revenues in the third quarter rose 47 percent from a year earlier to USD 10.33 billion, and net profit was up 79 percent to USD 4.71 billion. 

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Categories: Internet / Mobile & Wireless
Companies: Facebook
Countries: World
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