Facebook's journey ‘only 1% done’ after surge in revenue, Zuckerberg says

The tech company surpassed quarterly estimates with $6.24bn in ad sales thanks to soaring popularity of mobile app and burgeoning live video feeds

Facebook began as a social network - and then became a media delivery service, a mobile advertising giant and a massive messaging platform. But as its second-quarter financial results reveal, it is also a money-making machine.

Facebook's quarterly profit and revenue blew past Wall Street estimates on Wednesday as the company's hugely popular mobile app and a push into video attracted new advertisers and encouraged existing ones to spend more.