Business News

Facebook profit jumps as user ranks grow

SAN FRANCISCO, July 27 (APP/AFP) – Facebook
on Wednesday reported that its quarterly profit leapt 71 percent from a year ago to $3.9 billion as it dished out money-making ads to its more than two billion users.
Revenue in the recently-ended quarter climbed 45 percent to $9.3
billion, Facebook said in a stronger-than-expected earnings report for the second quarter.