Facebook reports 38% revenue rise

Facebook has reported first-quarter revenue of 1.46 billion US dollars (£937 million) - up 38% on the 1.06 billion US dollars (£679 million) for the same period last year.

An average of 665 million people used the social media platform every day in March, it said, an increase of 26% on the same time last year. It also announced that the number of active users accessing it via mobile devices - smartphones and tablets - had risen 54% year on year to 751 million per month, out of a total of 1.11 billion per month.
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