Facebook Users and Profits Continue to Head North
May 4 , 2017
As per reports, Facebook is close to signing up 2 billion users with 1.3 billion being active on a daily basis. The first three months of the current fiscal has seen profits soar $3 billion, marking a 76% over the same period last year.
Facebook has seen its advertising revenue climb 51% year-on-year to touch $7.9. However, the company is expecting a drop in Ad revenue through the remaining year. With a rapidly growing user base, CEO Mark Zuckerberg remained bullish on plans for Facebook to leverage the opportunity to develop communities by offering a wider range of information and services in areas like health care, television and politics.