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Video: Facebook Revenue Jumps 61% On Mobile Ad Strength

Clip Syndicate

Fueled by strong demand for mobile advertising, Facebook is officially on fire. Shares jumped nearly 3% in after-hours trading after reporting second-quarter revenue of $2.91 billion, an increase of 61%. Analysts predicted revenue of $2.8 billion, 55% higher than a year ago. JMP Securities analyst Ron Josey said"Facebook is firing on all cylinders and they are doing it in a very efficient way."

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