Cross-border shelling has killed at least 70 civilians, including children, rescue workers and journalists
world11 hours ago
Facebook reported net income of $10.2 billion in 2016, up 177 per cent from the previous year's total of $3.7 billion.
The online social media giant headed by Mark Zuckerberg, whose businesses include its signature social networking service and apps such as Messenger, Instagram and WhatsApp, said its revenues rose by 54.2 per cent to $27.6 billion, compared with $17.9 billion in 2015, Efe news reported.
In the fourth quarter of 2016, Facebook's net income rose 128 percent to $3.6 billion and revenue climbed 51 percent to $8.8 billion.
Advertising sales, Facebook's main revenue generator, accounted for $26.9 billion of the Menlo Park, California-based company's total revenue in 2016.
Facebook also said it earned $12.4 billion in income from operations last year, nearly double the total from 2015 ($6.2 billion), and that its number of daily active users rose to an average of 1.23 billion, up 18 per cent from the previous year.
The company said its diluted earnings per share totaled $3.49, compared with $1.29 in 2015.
"Our mission to connect the world is more important now than ever," Zuckerberg, the company's founder and CEO, said. "Our business did well in 2016, but we have a lot of work ahead to help bring people together."
Cross-border shelling has killed at least 70 civilians, including children, rescue workers and journalists
world11 hours ago
The hosts dominate with a total of 194 medals including 65 golds with Saudi in second place and Kuwait in third
sports12 hours ago
Residents with any information have been urged to contact the concerned authority
emergencies12 hours ago
Northeastern University in Boston says the action was taken after some protesters resorted to virulent anti-Semitic slurs
world12 hours ago
The church has been built on 4.37 acres of land, and stands opposite the BAPS Hindu temple
uae12 hours ago
A detailed guide on where to apply, the steps involved, and criteria for eligibility
uae13 hours ago
The Emirates called for strengthening the international humanitarian response and providing urgent relief to those in need
mena13 hours ago
Photonics is the study of light and has several applications including LED, VR, holograms, high-speed internet and solar panels among other things
uae13 hours ago