Thursday, July 24, 2014

Facebook Flies Higher Still


Facebook reported a 59% year-on-year rise in revenue to 2.91 billion US dollars, stripping out the impact of currency movements, for the second quarter. The world's leading social network said its advertising revenue rose 65% to 2.68 billion dollars, while mobile advertising revenue represented approximately 62% of advertising revenue, up from approximately 41% of advertising revenue in the second quarter of 2013. source: Facebook statement


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