Facebook Plays The Long Game As Revenue Climbs While Profits Fall

Facebook is doing a bit of empire building - and that ain't cheap. In the fourth quarter of 2012, Facebook profits fell sharply even as revenue continued to grow. In the fourth quarter, Facebook reported $1.59 billion in revenue, up 40% from the previous year and topping Wall Street estimates that revenue would rise to $1.52 billion, a 34% increase. But in spite of that growth, Facebook's profits...