Thursday, April 24, 2014

Facebook Profit Tripled in First Quarter -

Evidently the most recent round of Facebook eulogies was premature...

"As Facebook reported another quarter of strong revenue and profit growth on Wednesday, its executives made one thing very clear: The company’s money machine has just begun to spit out the cash.

Two out of three of Facebook’s 1.28 billion monthly users log in to the social network every day, the company said. Americans spend about one-fifth of their time on mobile phones checking Facebook, according to comScore, a research firm."
Facebook Profit Tripled in First Quarter -

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