Thursday, November 27, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Syrian Electronic Army targets CNBC, Telegraph, Independent, PCWorld
GoPro Camera Drones In The Works: report
European Parliament Votes To Break Up Google
LG Electronics Streamlines Structure, Names New Presidents of Home and Mobile Segments
Microsoft Accidentally Anounced Acquisition Of Acompli
Microsoft Offers Massive Music Deals For The Holidays
ETRI Develops 10Gbps Internet Speeds Technology
New Asus Strix 7.1 Surround Gaming Headset Released
Active Discussions
Hi All!
cdrw trouble
CDR for car Sat Nav
DVD/DL for Optiarc 7191S at 8X
Copied dvd's say blank in computer only
Made video, won't play back easily
New Features In Firefox 33
updated tests for dvd and cd burners
 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 Introduces the Facebook Groups App And FB Techwire
Facebook Develops Website For Professionals: report
Facebook To Reduce Promotional Posts in News Feed
Facebook Puts New Altoona Data Center Online
Facebook Tries To Explain Its New Privacy Policy Rules
Facebook Introduces Say Thanks
Facebook Says Messenger App Has 500 Million Monthly Users
Facebook News Feed Gets More Controls
Facebook's Zuckerberg Holds Public Q&A
Facebook Announces Initiatives Against Ebola
Government Requests For User Data Increased: Facebook
Ads Boost Facebook's Revenue

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .