Facebook Beats Q2 Earnings Expectations Behind Mobile Ad Sales
Facebook had 1.32 billion active users at the end of June, up 14 percent from a year earlier. On average, 829 million people used Facebook every day in June, up 19 percent from a year earlier. The number of people who log in at least once a day on mobile devices was 654 million on average in June, up 14 percent from a year earlier. “We had a good second quarter,” said CEO Mark Zuckerberg in a statement.
Facebook founder Zuckerberg will be called by feds for trial | New York Post
Attorney Christopher Frey told Manhattan federal Judge Andrew Carter during a hearing that Zuckerberg is a witness that the government 100 percent knows it will be calling at trial in November. Zuckerberg would testify against Paul Ceglia, a wood-pellet salesman from upstate New York who made waves four years ago by filing a civil suit in Buffalo claiming he and Zuckerberg had signed a contract in 2003 promising Ceglia a 50-percent stake in the social network. Not only was the suit dismissed in March, but Manhattan US Attorney Preet Bharara in 2012 charged Ceglia with forging the Zuckerberg contract, destroying evidence and creating phony e-mails to boost the lawsuit.
Our community has continued to grow, and we see a lot of opportunity ahead as we connect the rest of the world. The numbers speak louder, I guess: Facebooks net income of $788M is up 138% vs the period last year on revenues of $2.91B, +60.5%. That beat the $2.81B that analysts expected. Adjusted earnings at 42 cents a share also topped expectations for 32 cents.