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Facebook passes 1 bln daily users in Q3

2015-11-04 23:53:00| Telecompaper Headlines

(Telecompaper) Facebook passed 1 billion active daily users in the third quarter, an increase of 17 percent year-on-year and up from 968 million in the previous quarter. Of the total, 894 million accessed the social network each day over a mobile device, up 27 percent from a year ago. Monthly active users rose 14 percent year-on-year to 1.55 billion at the end of September, including 1.39 billion mobile users. Advertising revenues from Facebook rose at an even faster rate of 45 percent in the third quarter, and mobile accounted for 78 percent of the USD 4.30 billion in ad revenues. Total revenues at the company increased 41 percent year-on-year to USD 4.50 billion, while operating profit was up only 4 percent to USD 1.46 billion, after a 68 percent increase in operating costs. Net profit rose 11 percent to USD 896 million, and adjusted earnings were up 33 percent to USD 0.57 per share. Facebook generated USD 1.41 billion in free cash flow in the quarter and finished the period with total cash of USD 15.83 billion. 

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Facebook reports jump in profits

2015-11-04 22:55:23| BBC News | Business | UK Edition

Facebook reported a spike in profits on the back of increased advertising sales.

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Facebook Touts Artificial Intelligence 'Milestones'

2015-11-04 19:02:32| PC Magazine Software Product Guide

The social network's artificial intelligence program is learning to understand natural language, predict, and plan.

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Google and Facebook are battling to create the ultimate virtual assistant

2015-11-04 18:06:57| Extremetech

It's no secret that Google, Facebook and Microsoft have all been working feverishly towards the next big thing in artificial intelligence a virtual secretary that can wave her binary wand and handle all the tedious minutia that has come to characterize living in the digital era.

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Facebook to Tweak 'Real Name' Policy in December

2015-10-31 02:02:26| PC Magazine Software Product Guide

Facebook will make some adjustments to its controversial policy in December, according to BuzzFeed.

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