With 1.55 bn users, Facebook's earnings rise in third quarter

  • Buoyed by its mobile-advertising efforts, the social networking site Facebook has posted 11.3 percent profit in its third quarter results - at $4.5 billion in revenue from $4.04 billion last quarter with a significant increase in the number of its active users. Facebook’s mobile advertising revenue represented approximately 78 percent of advertising revenue for the third quarter of 2015 - up from 66 percent of advertising revenue in the third quarter of 2014. There are now 1.01 billion daily active users sharing status updates and checking on other people. Source: IANS