Facebook Records 300% Profit Increase

Internet giant, Facebook, have seen its shares jumped after it reported a tripling of first quarter profits from a year earlier to $1.51bn.
The firm’s advertising revenues also rose to $5.2bn, with more than 80% coming from mobile. Facebook’s focus on live video attracted new advertisers, while sales on existing services also grew. The firm reported $3.5bn in the corresponding period last year.
facebookFacebook added that it intended to continue buying other companies, but only those offering services that could be “ubiquitous”.

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Daniel Enisan is a content writer at edliner.com. With a degree in mass communication, Daniel is a full breed journalist. Daniel is a realist, loves the use of sarcasm, a movie and music junkie. He is also a poet and a good listener.

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