Facebook's Growth Accelerates

Facebook reported a 59% year-on-year rise in revenue in the second quarter to 6.44 billion US dollars, fuelled by a 63% leap in advertising revenues. Revenue growth in the first quarter was 52%. In June 2016, daily active users were up 17% year-on-year to 1.13 billion.

Facebook said that its Messenger service, which it is now seeking to monetise, hosts one billion "organic interactions" between businesses and consumers each month.  It also claimed that people are conducting two billion searches a day across the 2.5 trillion posts in its network. The social network also noted that more than four million 360 degree photos have been shared on Facebook since the launch of this service in the second quarter. It added that one million more are now being shared every week. source: Facebook presentation and transcript