Facebook’s revenue surged 61 per cent in the second quarter, fuelled by mobile advertising, sending the stock soaring in extended trading past its all-time closing high.
Sales rose to $2.91 billion for the period from $1.81 billion a year earlier, topping analyst estimates. Promotions on wireless devices accounted for 62 per cent of advertising sales, the company said in a statement today. That was up from 59 per cent in the prior period and...
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