Wednesday, October 26, 2016
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Google's Jamboard Reinverts The Whiteboard For Collaboration in the Cloud
ARM Accelerates Secure IoT from Chip to Cloud
Seagate 6th Generation High-Speed Enterprise Performance HDD
Google Pixel XL Manufacturing Cost is in Line with Rival Smartphones
Intel introduces Atom E3900 processors For IoT
HTC Losses Deepen
BlackBerry Announces DTEK60, Latest Android Device With BlackBerry's Security Software
Emporio Armani Launches A Hybrid Smartwatch
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
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."

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 It Easier To Use Recommendations, Find Local Events, Order Food
Facebook Makes Workplace App Available To All Companies
Events From Facebook App Will Arrange Your Saturday Night Plans, And More
Facebook Introduces Messenger Lite And 'Marketplace' on New App
Youtube, Facebook Expand Their Initiatives To Combat Hate Speech
Could Facebook Develop A Modular Smartphone?
Facebook Messenger Gets Payment Capabilities
Facebook Adds Instant Video To Messenger
Facebook To Bring Rural Internet Access For Africa
Facebook 'Trending' To Rely Less On Humans
Facebook To Use Personal Data From WhatsApp To Bring You Personalized Ads
Facebook Ads To Bypass Ad Blocking

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .