The world's leading social network reported a 71 percent jump in profits to $3.9 billion, fueled by growth in ads delivered to its more than two billion users worldwide. "On average, more than 10 years after their founding, Facebook users on average are still spending more time on Facebook today than they did yesterday. Opposite directionsAs Twitter's growth has stalled, Facebook has been gaining new users for its main social network as well as Instagram, the social network focused on images and video. "We have developed what we believe are steady, stable and sustainable engines of growth," Twitter chief executive Jack Dorsey told a conference call. Facebook meanwhile is expected to generate $36.29 billion in digital ad revenue, or some 16 percent or the worldwide total, according to eMarketer.

Source: The Nation Bangkok July 27, 2017 21:56 UTC