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Facebook beats Street but expenses a worry


SAN FRANCISCO — Facebook delivered a Street-beating second quarter with revenue, profits and user growth all exceeding expectations.
The only hitch: Expenses grew even faster.
The Menlo Park, Calif.-based social network reported revenue jumped 39% to $4.04 billion in the second quarter, up from $2.91 billion a year ago.
But that gain was outpaced by total costs which rose 82% from the same quarter a year ago.
Net income fell 9.1% to $719 million, or 25 cents a share, compared with $791 million, or 30 cents a share, a year ago.
Excluding certain expenses, Facebook said it would have earned 50 cents a share. Analysts had expected adjusted earnings of 47 cents.
Facebook shares were volatile in extended trading on Wednesday, seesawing between gains and losses.
Shares, which have been trading near all-time highs, lost 2% following the earnings report. They briefly turned higher during Facebook's conference call when Facebook Chief Financial Officer David Wehner narrowed Facebook's guidance on expense growth rate for 2015 to 55%-60% from 55%-65%. Shares fell again when Wehner said to expect slowing revenue growth for the rest of the year.
Investors are increasingly scrutinizing the expenses of technology companies such as Facebook and Google, said S&P Capital IQ analyst Scott Kessler.
Facebook warned investors earlier this year that costs and expenses would rise dramatically as it invests in long-term projects such as virtual reality, as well as in recruiting top engineers and building new data centers.
"People are worried about runaway, undisciplined, expenses and ultimately, unsuccessful expenses," Kessler said. "But here the proof is in the pudding. Facebook put up the growth numbers and that is what ultimately people want to see."

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Hot topics that automotive magazines cover



Do you read automotive magazines? If yes, then perhaps you have the knowledge what information these magazines carry. Described below are some topics covered in these magazines:
  1. Car and motorcycle models
Magazines provide information on what motorcycle or car models are in and what are out. They also provide information on what models do autoenthusiasts keep track of and talk about most. Basically, the articles covered in these magazines include newest models, cheap and budget-friendly options, family cars, practical cars, cars for students and so on. Motor Repair reference Guides are also highly sellable items.
  1. Technology and innovation
Every auto enthusiast looks for new features greedily. It brings a lot of excitement into them if auto manufacturers release a new feature, a trendy accessory, an engine improvement or sleek gadgets. Hybrid cars, newest technology and their effect on driving new car, how to use them, where to find them and their price – are some of the topics which find more readers.

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Negative effects of modern day technology




Since the industrial revolution, society has become more and more dependent on technology. So much so that we sometimes lack the willingness to think before we act. We become impatient if it takes more than a few seconds to download a copy of the morning news paper. We expect immediate responses to our email, and we expect someone to answer their cell phone whenever and wherever we call. “Industrialization resulted in rapid and sustained economic growth and a massive increase in consumer goods. But at the same time, for many people it meant a thoroughly unpleasant work environment. ”1

People in today’s society are always looking for ways to improve their lifestyles and in some way help deal with their physical environment. Agriculture; Farming and cattle herding led to the growth of large, settled human populations and increasing competition for productive lands, touching off organized warfare. The need for transportation brought vehicles into the market. The need for employees brought mechanical robots into society. Battles over land brought on the need for sophisticated weapons. The agricultural system brought on a revolution.

The invention of the television has brought all forms of entertainment into our houses with video and audio combined. Before 1950, newspapers and radio were the only ways to bring media or entertainment into the house. Mass production and other job opportunities brought many people from the rural areas and farms into the city. Society is more reliant on technology than ever before. While technologies have their advantages there is a negative effect to all this technology as well. Technology can actually harm society rather then help it. Competition between companies or even cities can sometimes make our lives for even worse. When a city builds more roads to attract tourists, the result is more traffic, not less. Even things we take for granted such as the automobile have negative effect on us. Because the automobiles cause pollution and that can surely harm us slowly.

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