Talk Money: April 29, 2016

Simon Shepherd (Paul Henry)
Simon Shepherd (Paul Henry)

Facebook smashes expectations

Social media mega-company Facebook has tripled its quarterly profits, pushing its shares up 10 percent.

Profit was $US1.51bn ($NZ 2.15bn) on the back of advertising revenues of $US 5.2 bn ($NZ 7.46bn) with 80 percent coming from mobile advertising.

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