Facebook has tripled profit!



Net profit of social network Facebook has increased in the first quarter of 2014. It is almost three times more compared to the same period last year, reaching $642 million. The company said that in this period, revenues increased by 72 percent to $ 2.5 billion, compared to $1.46 billion, a year earlier. The largest income (91 percent) was achieved from advertisements, which compared to the first quarter of 2012 show grew by 82 percent, amounting to $ 2.27 billion. Mark Zakenberg, founder and head of the company, pointed out that the social network showed excellent results and continues to grow.
“We had a great start in the first quarter. We have made long-term plans for future projects, and we haven’t ignored about basic product development and business strategy” he said.
Otherwise, Facebook is the largest social network in the world with capitalization at $157 billion, established in 2004. On a monthly, this network visits 1.28 billion users.


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