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.Facebook added that it intended to continue buying other companies, but only those offering services that could be “ubiquitous”.
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.