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Facebook 1Q earnings, revenue grow, mobile ads up

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MENLO PARK, Calif. (AP) -- Facebook says its net income and revenue grew in the first quarter of the year, helped by an increase in mobile ad revenue.

Facebook Inc. said Wednesday that its net income was $219 million, or 9 cents per share, in the January-March period. That's up from $205 million, or 9 cents per share, in the same period a year ago when the company was still private.

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