Economic news

Facebook reports 79% jump in third quarter profit

Facebook said its quarterly profit increased 79 percent year-on-year to $4.7 billion and revenues rose almost 50 percent in the third quarter. Social giant earned $10.3 billion in revenue.

The number of users of the social network increased by 16% over the year and exceeded 2.07 billion people.

The company achieved such results mainly due to advertising in the social network.

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