FALLING PROFIT: Facebook said Monday that its first-quarter net income fell 12 percent as its expenses rose — in spite of much higher revenue. Facebook Inc. said in a regulatory filing that its net income was $205 million for the three months that ended March 31, down from $233 million a year earlier. Its revenue rose 45 percent to $1.06 billion.
STILL GROWING: Facebook said it had 901 million monthly active users as of March 31, up from 845 million as of the end of 2011.
UPCOMING IPO: Facebook, which expects its shares to begin trading publicly in May, confirmed it has applied to list its stock on the Nasdaq under the ticker symbol “FB.”
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