Facebook’s journey ‘only 1% done’ after surge in revenue, Zuckerberg says

Facebook began as a social network – and then became a media delivery service, a mobile advertising giant and a massive messaging platform. But as its second-quarter financial results reveal, it is also a money-making machine.Facebook’s quarterly profit and revenue blew past Wall Street estimates on Wednesday as the company’s hugely popular mobile app and a push into video attracted new advertisers and encouraged existing ones to spend more.
https://www.theguardian.com/technology/2016/jul/27/facebook-ad-sales-growth-quarterly-resultsAlso see:Facebook’s well on its way to taking over the world
Facebook is riding high off all of your likes and shares.The company went into its second-quarter earnings report with high expectations from analysts, who expected to see 50 percent growth to $6 billion in revenue and earnings of 82 cents per share. And the company didn’t disappoint. The social network even blew past that high bar with $6.4 billion in revenue and earnings of 97 cents per share.

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