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Facebook stock jumps after company beats on earnings and says it will spend less

Facebook reported a much-higher quarterly profit, driven by surging sales of mobile video ads, as its advertising revenue grew at more than twice the rate of larger rival Google.

The company also said on a conference call to discuss the results that 2017 expenses would rise less than previously forecast — it’s now saying that expenses will go up 40 to 45 percent, instead of 40 to 50 percent.

NinthDecimal Buys MoLOGIQ for Tools, Talent and Massive Device Reach

With the acquisition, NinthDecimal claims it will have the largest mobile device reach of any US location intelligence company. NinthDecimal has acquired MoLOGIQ, a platform that uses physical location and other consumer data to identify and target audiences. In conjunction with the acquisition, NinthDecimal is launching NinthDecimal Labs to develop advanced solutions for customers.