by Dan Tynan in San Francisco and agencies on (#1NPC8)
The tech company surpassed quarterly estimates with $6.24bn in ad sales thanks to soaring popularity of mobile app and burgeoning live video feedsFacebook 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. Continue reading...