Tuesday, October 13, 2015
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Google Releases Cardboard SDK
Latest Windows 10 Build Integrates Skype Messaging, Adds New Features
Qualcomm Sells Vuforia AR Business to PTC For $65 million
HyperX Releases Cloud Mav Edition Headset
It's Official: Dell Acquires Data Storage Company EMC For About $67 Billion
Acer Showcases New Windows 10 Devices
MPAA Lists Piracy Sites in Around The World
ZTE Officially Launches New AXON Smartphones
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 to Test Emoji Icons
Facebook To Offer Satellite Internet To Africans
Facebook Improves Mobile Profiles, Adds Videos
Facebook Releases New Ad Services
Facebook Founder Calls for Universal Internet
Facebook Now Supports 360-degree Videos in News Feed
Facebook's Ad Service to Charge Only After An Ad Has Been Seen
Dislike Button Coming On Facebook
Facebook Dominates The Smartphone Apps Market
Facebook Says It Has One Billion Users Per Day
Facebook Is Testing Digital Assistant For Messenger
In brief: Facebook Simplifies "Notes", Twitter Eyes Asian Content

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 .