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Can Nairaland Ever Match Facebook Revenue Of N 288 Billion In 3 Months? - Business - Nairaland

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Can Nairaland Ever Match Facebook Revenue Of N 288 Billion In 3 Months? by abubaky: 9:31pm On Jul 24, 2013
Facebook, the leading social network has just posted results for its second quarter. It made N 288 billion, i was reading this and it made me question can nigeria's top website Nairaland match facebook one day? even if not 288 billion habba. maybe oga on top will like to answer. is it possible? grin





July 24 (New York) - Facebook Inc jumped more than 15% in after hours trading after beating analyst expectations for second quarter. Earnings per share of 19 cents per share beat analyst expectations of 14 cents per share.





Revenue for the quarter increased to $ 1.8 billion ( N 288 billion) beating all analyst expectation of $ 1.62 billion revenue.





Shares closed today at $ 26.51 per unit in New York. Company reported earnings after the market close and its price increased to $ 30.76 in after hours trading, an increase of almost 16%.





Revenue from mobile ads increased 30% from first quarter.





Net profit for the second quarter is $ 333 million ( N 53.2 billion).





http://www.easykobo.com/News.aspx?id=1700

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