Facebook revenues increase 53%

Facebook has seen its second quarter revenue soar to 1.813 billion dollars (£1.18 billion) - a 53% increase on 1.184 billion dollars (£770 million) in the same period last year.

The world's biggest social network made 333 million dollars (£217 million) in net income from April to June compared with a net loss of 157 million dollars (£102 million) a year ago, according to the company's latest financial results.
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