Please provide a summary of a current busienss article on a

Please provide a summary of a current busienss article on a multinational corporate company. It can be found from forbes, business week, new york times etc etc. Article has to be atleast three pages long. Then write down a breif summary of the article. Also provide the link of the article.

Thanks

Solution

this article is related to the revenues of facebook

the company reported on 28-01-2015 that revenue increased 49% in the fourth quarter compared to the previous year, exceeding Wall Streets expectations. But expenses rose ever faster, up 87% from the same quarter a year ago, driven in part by huge increase in stock payouts to employees. and they said that \"we are very pleased with the growth of our business\" said the CEO of Facebook.

the social network, which makes most of its money by including advertising in the news feeds of its users, said about 69% o fits advertising revenue came from mobile devises, which have become the most common way people tap into the service. FB reported that it had 1.39 billion monthly users worldwide in December, up 3.2% from September. its a little bit of sam old, same old, said Debra Williamson, an analyst with the research frim eMarketer, who has followed the company for years. they continue to make mobile a bigger part of their business.

FB said that it had revenues of $3.85 millions in the fourth quarter, compared to $2.59 billion in a year ago. after excluding certain expenses the company\'s profit was 54 cents a share. on that adjusted basis, Wallstreet had expected the company to earn 49 cents a share on revenue of $3.77 billion. FB share price was down about 2% in after hours trading after the results announced. the stock is up more than 40% over the last year.

although FB does not charge its users for its services, the company still manages to make a great deal of money from them by selling advertising targeted to each person\'s habits and interests. the company said it brought in an average of $9 in revenue pe American and Canadian during the quarter.