Featured Articles

Apple announces its Apple Watch

Apple announces its Apple Watch

Apple has finally unveiled its eagerly awaited smartwatch and surprisingly it has dropped the "i" from the brand, calling it simply…

More...
Skylake 14nm announced

Skylake 14nm announced

Kirk B. Skaugen, Senior Vice President General Manager, PC Client Group has showcased Skylake, Intel’s second generation 14nm architecture.

More...
Apple officially announces 4.7-inch iPhone 6 and 5.5-inch iPhone 6 Plus

Apple officially announces 4.7-inch iPhone 6 and 5.5-inch iPhone 6 Plus

The day has finally come and it appears that most rumors were actually spot on as Apple has now officially unveiled…

More...
CEO: Intel on target for 40m tablets

CEO: Intel on target for 40m tablets

Intel CEO Brian Krzanich just kicked off the IDF 2014 keynote and it started with a phone avatar, some Katy Perry…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Thursday, 25 July 2013 10:44

Facebook starts to turn around

Written by Nick Farrell

Value starts to rise

Facebook reported a second-quarter profit. The company's sales rose to $1.81bn, a 53 per cent increase from the previous quarter. This figure was a slight increase from the $1.62bn analysts expected the company would make.

Facebook stock has returned a mediocre performance since the company went public in May 2012, you can pick up a second hand Facebook share for $31.81 during after-hours trading. Part of the reason for the Facebook turn around is that it has finally managed to get more cash from mobile.

The amount of total advertising revenue jumped from 30 per cent in the first-quarter to 41 per cent in the second, comprising $656 million in sales. The company reported a $562m profit and $333m net income. This time last year, the company reported a loss of $157m in the second quarter.

The number of Facebook daily active users increased from 665 million in the first quarter to 669 million in the second. In June, the site had an average of 469 million daily users on mobile. Facebook had 819 million mobile monthly active users in second quarter of 2013, compared to 543 million in the second quarter of 2012. The new figures were also a boost from the 751 million reported last quarter.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments