Facebook profit falls 9 percent as costs soar

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. “We're investing in the next set of services and what will be future investments like Messenger, WhatsApp and Oculus,” Chief Operating Officer Sheryl Sandberg said in an interview on Wednesday after the earnings report. Messenger has more than 700 million users, and the app has been downloaded more than 1 billion times on Android, Google Inc's mobile operating system, Facebook said

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Yelp needs help, and buyout may be the answer

Yelp, owner of consumer review website Yelp.com, reported a second-quarter loss on Tuesday and forecast revenue for the current quarter that was far below expectations. As of Tuesday's close, Yelp – now valued at about $1.8 billion – had already lost 39 percent of its value this year. Unless Yelp can come up with a strategy to boost its financial performance, the San Francisco-based company should consider selling itself, several analysts said.

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Tituss Burgess on ‘Kimmy,’ race and pinot noir

By Piya Sinha-Roy BEVERLY HILLS, Calif. (Reuters) – A glass of wine at his side, Actor Tituss Burgess says he is used to fans serenading him with his catchy “Pinot Noir” song from Netflix's hit comedy “Unbreakable Kimmy Schmidt.” After honing his acting in theater, Burgess, 36, stepped into the television spotlight with Tina Fey and Robert Carlock's “Kimmy Schmidt,” securing a supporting actor Emmy nomination for playing eccentric roommate Titus Andromedon to Kimmy, a former 'mole woman' trying to carve a New York life

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Shutterfly quarterly revenue rises 15.5 percent

(Reuters) – Shutterfly Inc reported a 15.5 percent rise in quarterly revenue as more customers used its personalized photo-based products and services. The company’s net loss narrowed to $23.8 million, or 63 cents per share, in the second quarter ended June 30 from $27.1 million, or 70 cents per share, a year earlier. Net revenue rose to $183.9 million from $159.1 million.

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