Increase in mobile advertising revenue boosts Facebook shares

Social network giant Facebook reported soaring profits during the first quarter of 2014, driven by a major surge in advertising revenue.

Increase in mobile advertising revenue boosts Facebook shares
Thu, 24 Apr, 2014 - 09:07

Social network giant Facebook reported soaring profits during the first quarter of 2014, driven by a major surge in advertising revenue.

The technology firm saw profits leap to $642m, a sharp rise of 193% on the $219m for the same period last year.

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