Most Active Stories
- Next WUKY Phoenix Friday is July 25 with Englishman, Small Batch & Saintseneca!
- Fresh Housing Numbers, New Eatery On Richmond Road, & West Sixth News On BizLexChat
- 6th District Hopeful Elisabeth Jensen Moves Into New Headquarters
- Satirical Senate Campaign After Laughs, Real Reforms
- 811 Fines On The Rise
Tue April 24, 2012
Originally published on Tue April 24, 2012 7:30 am
Weeks ahead of its initial public offering, Facebook released its first quarter profits Monday, and they are down 12 percent from a year ago. At the same time, company expenses have nearly doubled. Facebook attributes some of that to market expansion, which requires more employees and infrastructure.