Tag: strong growth

Facebook profit jumps as user ranks grow

by Glenn Chapman Agence France Presse SAN FRANCISCO, United States (AFP) — Facebook on Wednesday reported a surge in profits in the past quarter, fueled by strong growth in money-making ads to its more than two billion users. Net profit in the second quarter leapt 71 percent from a year ago to $3.9 billion while revenue climbed 45 percent to $9.3 billion. In after-hours trade, Facebook shares rose some 3.4 percent to $171.35 on the […]