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Facebook nearly triples Q3 profit on ad revenue surge

2016-11-02 22:52:00| Telecompaper Headlines

(Telecompaper) Facebook reported a strong increase in revenues and profitability in the third quarter, driven by growth in its ad revenues as well as more users of the social network. Revenues were up 56 percent year-on-year to USD 7.011 billion, of which 84 percent was ad revenues, up from 78 percent a year ago. Operating profit more than doubled, to USD 3.122 billion from USD 1.459 billion, and the margin rose to 45 percent from 32 percent a year earlier. The company's net profit jumped to USD 2.379 billion or 82 cents a share from USD 896 million or 31 cents a share. Facebook reported 1.79 billion monthly active users for the period, up 16 percent year-on-year, and 1.66 billion were mobile users, a 20 percent annual increase.

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Mobile adverts boost Facebook profit

2016-11-02 21:36:10| BBC News | Business | UK Edition

Facebook increases profit by 166% in its latest quarter as revenue from mobile adverts grows.

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UK Insurer Wants to Analyze Facebook to Determine Rates

2016-11-02 21:02:17| PC Magazine Software Product Guide

The company thinks that Facebook data can help weed out risky drivers.

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Facebook blocks insurer discount plan

2016-11-02 12:45:49| BBC News | Business | UK Edition

Facebook blocks an insurer's plan to view young drivers' profiles to set car insurance premiums.

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Facebook develops Open Packet DWDM platform for TIP

2016-11-02 08:49:00| Telecompaper Headlines

(Telecompaper) Facebook has developed a new optical packet transport architecture that it plans to contribute to the open-source Telecom Infra Project. The new approach called Open Packet DWDM uses combined packet and dense wavelength division multiplexing (DWDM) technology for metro and long-haul fibre-optic transport networks. Facebook has used Open Packet DWDM to develop a new transponder platform called Voyager and is working with companies such as Adva, Coriant and Equinix to test the platform.

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