Facebook pulls in over $7 billion in quarterly revenue

There is a lot of opportunity to show ads to potential consumers when you're a social network used by over 1.1 billion people each day. Facebook reported its third quarter earnings today, and its revenue rose more than 50 percent over the same period last year, to $7.1 billion. Out of that massive influx of cash, Facebook posted a net income of $2.37 billion, a massive increase of more than 165 percent compared to its profit for the same period in 2015.
Over a billion people now use Faceboo