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Facebook

Launched in February 2004, Facebook is a social networking service founded by Mark Zuckerberg with his college roommates and fellow students Eduardo Saverin, Andrew McCollum, Dustin Moskovitz and Chris Hughes. Early investors included Microsoft and Hong Kong tycoon Li Ka- shing, through his namesake charitable foundation.

Facebook profits fall

Facebook profits fall

Facebook earnings beat forecasts but profits fell, putting pressure on the stock. The Fed kept rates steady, but left market watchers betting on a September rate hike. (Photo: Reuters)