Facebook has over 2 billion users and based on the user base, the profit of the company has gone up to $3.89 billion as net income in second quarter of 2017 — up 71 per cent from the same quarter last year.
Riding on increased mobile video ad sales, Facebook stocks hit record high as total revenue was up 44.8 per cent to $9.32 billion, the company said in a statement late Wednesday.
“We had a good second quarter and first half of the year. Our community is now two billion people and we’re focusing on bringing the world closer together,” said Facebook CEO Mark Zuckerberg.
The daily active users (DAUs) were 1.32 billion on average for June 2017, an increase of 17 per cent year-over-year.