Sunday, April 26, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Russian Hackers Accessed Obama's Emails
LG Display Leads The OLED Market
China Telecom To Sell Phones With Alibaba
SK Hynix To Start Production Of 36-Layer 3D NAND Flash Chips
Apple Watch Available In Select Stores
Comcast Abandons Time Warner Cable Acquisition Bid
Luxottica To Release Hi-tech Glasses Powered By Intel
Toshiba Starts Mass Production of 13 Megapixel CMOS Image Sensor
Active Discussions
menu making
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Question about nero
Copied dvd's say blank in computer only
Optiarc AD-7260S review
cdrw trouble
 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."



Previous
Next
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 Reports Mixed First Quarter Results
Facebook 'Hello' App Shows Who's Calling You
Facebook Updated News Feed
Tech Lobbying Spendings Explode
Facebook Messenger Browser App Released
Facebook Introduces Riff And Scrapbook
Facebook User Tracking Violates EU Law, Research Says
Facebook Wants To Further Expand Social Networking Experience
F8 2015: Facebook Introduces New Family of Apps
Now You Can Send Money to Friends in Facebook's Messenger
Facebook Updates Community Standards
Facebook Buys The Find e-commerce Search Engine

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 .