Facebook profit slumps on set-aside for big US fine

Facebook on Wednesday reported quarterly profit sank 51 percent from a year earlier due to setting aside $3 billion for an anticipated fine from US regulators. The leading social network logged a profit of $2.4 billion on revenue that climbed 26 percent to $15.1 billion in the first three months of this year. The number of monthly active users of Facebook at the end of March was 2.38 billion, up eight percent from a year ago.

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