Facebook Profit Soars Due to an Increase in its Userbase
In an earning’s release, Facebook’s CEO Mark Zuckerburg said, The monetization generated from online advertisements reached a whopping $25.4 billion, which is an increase of 46 percent if we compare it with the same quarter of last year. As per the report, the number of individuals using Facebook monthly increased by 10 percent to 2.85 billion. The earnings surpassed the market expectations and consequently, Facebook’s shares increased by nearly five percent in after-market trades. The silicon valley giant Facebook and its “family” of services which include Instagram, WhatsApp, and Messenger ended the last quarter with 3.45 billion monthly users overall witnessing a 15 percent increase as compared to the previous year. Check out? Govt to take Steps for Turning on Facebook Monetization for 50mn Pakistani Users
