Friday, November 27, 2015
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
NSA's Phone Surveillance Program Changes
Lenovo and Razer Partner to Make Gaming PCs
LG Display Makes Huge Investment in OLED Panels
Sony To Bring Remote Play Feature To PS4
MINIX NEO U1 Media Hub for Android Coming Next Week
Samsung Joins Audi’s Progressive SemiConductor Program
German ISPs May Block Music-sharing Sites: court
Study Says HTTPS Certificate and SSH Key Reuse Endangers Millions of Devices Worldwide
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 Home > News > General Computing > Faceboo...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, July 24, 2014
Facebook Profit Doubles

The social-networking company has reported quartedly results that beat expectations, pointing to a bigger revenue from mobile advertising.

The world's largest social network said sales from mobile advertising rose at a rapid rate, representing approximately 62 percent of the company's overall advertising tallies in the second quarter ended June 30. That's up from 41 percent in the same period a year ago. Overall revenue rose nearly 61 percent, to $2.9 billion, compared with $1.8 billion last year.

Nearly 1.1 billion users accessed the site at least once a month using a mobile device, an increase of 31 percent year over year.

Facebook CEO Mark Zuckerberg said on a conference call with analysts that while he's pleased with the company's performance on mobile so far, there's still a lot of room to grow. He said customers in the US spend 40 minutes each day using Facebook on their mobile phones.

"I really can't underscore this enough that we have a lot of work to do and we could take the cheap and easy approach and put ads in and do payments and make money in the short-term, but we're not going to do that," v said. "We're going to take the time to do this in the way that is going to be right over multiple years."

Facebook said its profits jumped to nearly $1.1 billion.

Zuckerberg said the company is committed to its long-term bets, including virtual reality and augmented reality. "I cared really deeply about...the 10-year arc of the company," he said, adding that he wants to make Facebook a company that can help define the next generation of computing. Facebook, he said, is"going to spend a lot and invest heavily in a bunch of these things to do it right over the long term."

Researchers Create Ultra-dense Memory Using Conventional Methods        All News        Qualcomm's Profit Hurt by Dispute Over China Royalties
Google Implemented "Right To Be Forgotten" Ruling Inadequately, EC says     General Computing News      Qualcomm's Profit Hurt by Dispute Over China Royalties

Get RSS feed Easy Print E-Mail this Message

Related News
Facebook Makes Sure You See Less Info From Your Ex
Google Search To Display Facebook Content
Facebook App To Support Vanishing Messages
New Facebook Notify App Shows News to Smartphones
Belgian Court Blasts Facebook's Tracking Policy
Facebook Music Stories To Include Leading Music Services
Ads Keep Facebook's Revenue High
Facebook Reports Progress In Artificial Intelligence Research
Facebook To Change 'Real Names' Policy
Facebook Says Latest iOS App Won't Drain Your Battery
Facebook Makes All Posts Searchable
Facebook to Test Emoji Icons

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .