Wednesday, October 29, 2014

Facebook's profit nearly doubled

Facebook recently announced third quarter financial report shows revenue exceeds forecast to $ 3.2 billion and net profit was 806 million, up 90% compared to the same period last year. Advertise activity contributed most revenue for Facebook, a substantial increase over last year. Strikingly cell array to account for 60% of advertising revenues. Time of the IPO in 2012, Facebook has not even earn money from this array. Number of active users of the company also increased beyond predicted. By the end of September, with 1.35 billion people used Facebook, up 14% compared to the same period last year. Number of people accessing Facebook at least once per day increased 19% to 864 million. "These are precious works well with the data growth," said Mark Zuckerberg - Facebook founder and CEO, said. However, its cost in the third quarter increased 41%, primarily due to the acquisition of 2 free messaging application - WhatsApp and virtual reality technology companies - oculus Rift. Facebook's Chief Financial Officer - Dave Wehner said costs will rise sharply in coming years. Shares largest social networking world has fallen 10% in trading yesterday after a private agreement costs may rise 75% by 2015. .................... News source: http://www.xaluan.com

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