Facebook beats across the board with $8 billion revenue and closes in on 2 billion users (FB)
Facebook grew its revenue by 49% during the first three months of the year, blowing past Wall Street's revenue and profit targets on the back of strong mobile ad growth.
The world's largest social network continued to grow its audience during the first quarter, coming just shy of the 2 billion mark with 1.93 billion users.
Shares of Facebook were down roughly 2% in after hours trading, despite the solid results.
Facebook noted in its announcement that its Q1 results represented the fi
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