Mobile ad sales push Facebook revenue to $12.97 bn - News Summed Up

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Mobile ad sales push Facebook revenue to $12.97 bn


"Last quarter, we made changes to show fewer viral videos to make sure people's time is well spent," said Mark Zuckerberg , Facebook founder and CEO. "In total, we made changes that reduced time spent on Facebook by roughly 50 million hours every day. "2017 was a strong year for Facebook, but it was also a hard one," Zuckerberg said. "In 2018, we're focused on making sure Facebook isn't just fun to use, but also good for people's well-being and for society. "We're doing this by encouraging meaningful connections between people rather than passive consumption of content."


Source: Economic Times February 01, 2018 05:03 UTC



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