Today's Hard|Forum Post
Today's Hard|Forum Post

Thursday July 24, 2014

Facebook Reports 138% Surge In Profits

I think a 138% surge in profits should make Facebook investors happy.

Revenue from advertising, which makes up most of Facebook's income, was $2.68bn, up 67% compared with the second quarter of 2013. Adverts on mobile devices now account for 62% of advertising revenue, which is a spectacular rise as mobile ads accounted for almost nothing in 2012.