I had the same problem when I first started using Facebook for my business, and it had something to do with the color profile that I was saving my files in versus the color profile on Facebook. As far as the compression is concerned, I use an action in PS that does a quick web-resize and sharpen, and then I save the smaller file seperately and upload those to Facebook.
If you're going to use Facebook to promote your business, you pretty much need to post some photos. You're not going to get anyone's attention on Facebook with links to your Flickr page.
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