Apr 24, 2012

Facebook Reveals New Financial Data, Spends $550M For Patent Arsenal
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Written by : Tom George| 0 | Business, Facebook

See on Scoop.itinternetbillboards

With its planned initial public offering just weeks away, social networking juggernaut Facebook reported that its first-quarter profit fell 12% thanks to a dramatic increase in the company’s expenses as it continues its torrid growth. In an amended IPO filingwith the SEC, Facebook also disclosed that it has passed 900 million users, and provided details on its blockbuster $1 billion purchase of photo-sharing start-up Instagram. The new details came as Facebook announced plans to spend $550 million to bolster its patent portfolio amid a growing intellectual property dispute with Yahoo.
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Tom George

Founder and CEO of Internet Billboards. A futurist and serial entrepreneur, as well as a professional fitness trainer, martial artist, and business strategist. Helped to develop inbound advertising. An avid content curator who enjoys finding those digital gems out there in cyberspace and sharing them with others.
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Tom George

Founder and CEO of Internet Billboards. A futurist and serial entrepreneur, as well as a professional fitness trainer, martial artist, and business strategist. Helped to develop inbound advertising. An avid content curator who enjoys finding those digital gems out there in cyberspace and sharing them with others.

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