File - In this June 11, 2014 photo, a man poses for photographs in front of the Facebook sign on the Facebook campus in Menlo Park, Calif. (AP Photo/Jeff Chiu)
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Facebook Inc. reported quarterly revenue that beat forecasts but its profit fell 9 percent as the social media company sharply increased spending to boost mobile revenue and future growth.Messenger has more than 700 million users, and the application has been downloaded more than 1 billion times on Android, Google Inc.'s mobile operating system, Facebook said.Facebook shares fell more than 3 percent in after-hours trading.Facebook, the world's largest social network, continued to expand its reach, hitting 1.49 billion monthly active users as of June 30, up 13 percent from a year earlier. For the quarter, revenue jumped to $4.04 billion from $2.91 billion.
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