Loading...

Author Topic: Facebook posted surprisingly strong profit and revenue growth in Latest Update  (Read 204 times)

0 Members and 1 Guest are viewing this topic.

Offline legendguru

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 767
    • View Profile

Facebook posted surprisingly strong profit and revenue growth as the world's largest social network grew even larger, with a spike in mobile users and advertising that lifted its stock to an all-time high.

The company on Wednesday reported audience numbers that suggest it is poised to take on mainstream media as an advertising force, helping investors to overlook Facebook's huge spending on hiring and building data centres.

Facebook now has eight billion video views per day from 500 million people, compared with four billion views in April.

And Facebook's website and Instagram photo-sharing app, which opened up its platform to all advertisers in the third quarter, account for more than one in five minutes spent on mobile devices in the US, chief operating officer Sheryl Sandberg said.

"In the medium to long run, we believe that we're not competing between Facebook and Instagram. We're competing with other forms of media," Sandberg told analysts on a conference call after the earnings report.



 

Facebook Disabled Page Scam requesting users Credit Card and PayPal data

Started by newspostng

Replies: 0
Views: 267
Last post January 07, 2016, 10:33:17 AM
by newspostng
Facebook Boss Zuckerberg reject criticism that his site Fake News affect US Poll

Started by internet police

Replies: 0
Views: 252
Last post November 16, 2016, 07:20:05 AM
by internet police
Isis made direct threats against Facebook founder Mark Zuckerberg and Twitter

Started by internet police

Replies: 0
Views: 235
Last post February 25, 2016, 06:32:16 AM
by internet police
Facebook bans users from posting Scunthorpe , enables profanity filter feature

Started by admin

Replies: 0
Views: 252
Last post April 06, 2016, 01:26:40 AM
by admin
Google, Facebook & Twitter sues by Paris attack victim for spreading ‘propaganda

Started by yungcrux

Replies: 0
Views: 201
Last post June 16, 2016, 12:39:35 PM
by yungcrux
Facebook set to scrap Phone number as means of communication,New platform coming

Started by newspostng

Replies: 0
Views: 205
Last post January 15, 2016, 09:59:35 AM
by newspostng
Facebook roll out Lists of Custom-Picked Event Recommendations features

Started by admin

Replies: 0
Views: 178
Last post June 29, 2016, 01:31:53 AM
by admin
Facebook Boss Mark Zuckerberg Impregnate his wife Priscilla Chan again

Started by Postmaster

Replies: 0
Views: 334
Last post March 10, 2017, 04:47:06 AM
by Postmaster
Facebook ,Google and Twitter Sued for Allowing ISIS Messages to Spread

Started by legendguru

Replies: 0
Views: 166
Last post May 08, 2017, 08:56:03 AM
by legendguru
Fewer People Are Using Facebook in 2015 despite Massive user's Statistics

Started by legendguru

Replies: 0
Views: 457
Last post November 10, 2015, 01:42:50 PM
by legendguru