Most Active Stories
- Le Show For July 20, 2014
- Jazz Composer Jerome Theriot Celebrates New Release; Cat On A Hot Tin Roof; Hurray For The Riff Raff
- Fishermen And Retailers Go High-Tech For Authentic Gulf Seafood
- State Representative In New Orleans East Sounds Call Over Coastal Erosion
- Short-Term Rental Stakeholders All Agree On One Thing: Current Law Inadequate
Thu May 2, 2013
Originally published on Thu May 2, 2013 9:09 am
RENEE MONTAGNE, HOST:
NPR's business news starts with profits for Facebook.
(SOUNDBITE OF MUSIC)
MONTAGNE: Facebook announced its latest quarterly results, reporting revenues just under $1.5 billion.
DAVID GREENE, HOST:
The company showed a profit of nearly $220 million for the quarter but this fell short of analysts' expectations. CEO Mark Zuckerberg blamed the missed target on higher costs. Company spending is up 60 percent this quarter over the previous one due to hiring and new developments.
MONTAGNE: But the investments seem to be paying off with Facebook's mobile strategy. It has more than 750 million active mobile users and mobile advertising now accounts for 30 percent of Facebook's ad sales. Transcript provided by NPR, Copyright NPR.