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Facebook profit jumps as user base nears 2 billion
Facebook today reported its quarterly profit jumped just over $ 3 billion as its ranks of monthly users closed in on two billion.
Updated on: May 4, 2017, 11:20:38 IST
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Facebook today reported its quarterly profit jumped just over $ 3 billion as its ranks of monthly users closed in on two billion.
The leading social network said it made a profit of $3.06 billion on $ 7.86 billion in revenue in the first three months of this year, posting increased of 76% and 51% respectively when compared to the same period last year.
Meanwhile, the number of people using Facebook monthly increased 17% to 1.94 billion, according to the earnings report.
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