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Despite the fake news .. an "enormous" increase in Facebook profits


The results of Facebook business on Wednesday showed a quarterly gain of 76.6 per cent, supported by strong growth in mobile advertising activities.
Revenue from mobile advertising accounted for 85 per cent of total advertising revenue of $ 7.86 billion in the first quarter ended March 31, compared with 82 per cent a year earlier.

Analysts had predicted on average that Facebook's total revenue from advertising would be $ 7.68 billion, according to FactSat Analytics.

Net profit attributable to shareholders increased to $ 3.06 billion, or $ 1.04 per share, from $ 1.73 billion, or 60 cents a share, a year earlier. According to Reuters.

Total revenue rose to $ 8.03 billion from $ 5.38 billion.

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