Just a few weeks before it is to offer shares in itself for sale, Facebook has seen its revenue and profits fall for the first time.
Costs involved in the public offering are said to have contributed to the dip, as well as the fact that the company honoured some expensive staff options for the purchase of stakes in the company.
According to the Financial Times, revenues fell nearly seven per cent between the last quarter of 2011 and first of 2012. The company also saw a marked slowdown in its growth rate.
Despite that, the social networking company has 901 million monthly active users.
Facebook put the dip in revenue down to cyclical effects in advertising.
