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Facebook now valued more than ATampT Coke

2014-07-25 11:19:04| Beverages - Topix.net

In the days after its infamously mishandled initial public offering in May 2012, it looked as if Facebook would struggle to become a must-own for fund managers.

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Facebook Saves the Day From Slipping Away

2014-07-24 20:36:23| TechNewsWorld

Facebook has launched a feature that allows users to save content from their News Feed to read or watch later. Called "Save," it is designed help users who may be inundated by links to articles, music clips and videos to separate the wheat from the chaff. Users who see something intriguing now can choose the Save option in a dropdown menu in the upper right-hand corner of a post.

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Stock Futures Steer Higher; Facebook, Skechers Nail Q2 Wins

2014-07-24 16:18:06| Footwear - Topix.net

Stock futures were somewhat chipper ahead of Thursday's open, with positive weekly unemployment news, earnings reports and better-than-expected global manufacturing data bolstering investor sentiment.

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Facebook isn't giving up on search

2014-07-24 13:31:05| InfoWorld: Top News

Facebook reported Wednesday that it now handles an average of more than 1 billion searches a day, but it still has work to do to provide a comprehensive search tool.

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Facebook grows mobile to 62% of ad revenues

2014-07-24 08:33:00| Telecompaper Headlines

(Telecompaper) Facebook maintained its double-digit growth in the second quarter, growing revenues 61 percent year-on-year to USD 2.91 billion. The number of daily active users on the social network was up 19 percent to 829 million, and monthly users increased 31 percent to 1.07 billion. Facebook's strongest growth was in mobile, where the number of active daily users rose 39 percent to 654 million. Mobile accounted for 62 percent of its USD 2.68 billion in advertising revenue in the quarter, up from 41 percent in the year-earlier period. Net profit rose to USD 791 mllion or 30 cents a share, from USD 333 million or USD 0.13 per share in the second quarter of 2013. The company invested USD 469 million in the quarter, while generating free cash flow of USD 872 million. Facebook finished the quarter with total cash of USD 13.96 billion. 

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