FACEBOOK TRIPLES ITS PROFITS BY 166%, RAKES IN A MASSIVE $2.4BN ALONE FOR THIRD QUARTER OF 2016!

Social media giant, FACEBOOK, in a recent report, has recorded a massive high third quarterly turn-over of 2.4BN which is over 166% of its profit margin. The company, says that its profits come majorly from mobile advertising.

Facebook which now has 1.79BN users worldwide, and its subsidiary Instagram a massive 500 million users as at June, 2016; advertising on these platforms have boosted the tech company's profit index to rise massively.