SAN FRANCISCO Facebook Inc posted surprisingly strong profit and revenue growth as the world's largest social network grew even larger, with a spike in mobile users and advertising that lifted its stock to an all-time high.
The company on Wednesday reported audience numbers that suggest it is poised to take on mainstream media as an advertising force, helping investors to overlook Facebook's huge spending on hiring and building data centers.
14:37 T-Mobile U.S. quarterly revenue, profit beat estimates19
03:47 Robbers beat Bronx handbag dealer with frying pan, make off with $70,000 after victim flashed cash on Facebook16
14:29 Unilever rejects $143 billion Kraft Heinz bid as without merit19
12:33 Kraft Heinz to pursue merger despite Unilever rejection19