2 billion friends – soaring profits – and a big thumbs up from Wall Street. But how much bigger can Facebook grow?
Revenues and profits soar at Facebook – as advertising dollars pour into the world’s most social platform.
Facebook has seen another huge jump in profits as advertising revenues keep on rising – let’s show you just how big.
In the three months to the end of June, Facebook made a net $3.89bn; that’s a jump of 71% on the same period last year. And better than Wall Street was expecting.
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In June, the number of active monthly users crossed 2bn. That means more than one in every four people on the planet use Facebook
And according to these latest results it’s still rising. Not surprisingly – so is Facebook’s share price.
It has climbed by more than 40% since January – giving the company a stock market value of $480bn. That’s more than five times its value when it started trading.