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Facebook Shares Remain Flat Despite Strong Q3 Results

Facebook Inc.’s (NASDAQ: FB) decision to not increase the frequency of ads it shows to its users in the near future hasn’t been welcomed by investors. Shares were mainly flat on Thursday despite a better-than-expected fiscal third quarter results, which were by the social networking giant on Wednesday after the market close. For the latest quarter, Facebook reported earnings of 25 cents per share on revenue of $2.02 billion, beating Wall Street’s expectation for earnings of 19 cents per share on revenue of $1.91 billion. The company’s revenue from mobile advertising continued to grow in the latest quarter.

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