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| Facebook earnings surge on mobile advertising | Facebook earnings surge on mobile advertising |
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| Social networking giant Facebook reported profits of $642m (£383m) during the first quarter of 2014, beating analyst expectations. | Social networking giant Facebook reported profits of $642m (£383m) during the first quarter of 2014, beating analyst expectations. |
| The firm said surging mobile advertising helped push first quarter revenue 72% higher, to $2.5bn. | The firm said surging mobile advertising helped push first quarter revenue 72% higher, to $2.5bn. |
| Mobile now makes up 59% of advertising revenue, from 30% a year ago. | Mobile now makes up 59% of advertising revenue, from 30% a year ago. |
| Facebook also announced chief finance officer David Ebersman will step down this year. | Facebook also announced chief finance officer David Ebersman will step down this year. |
| Mr Ebersman, who will remain with the company until September, will be replaced by David Wehner, Facebook's vice president of corporate finance and business planning. | Mr Ebersman, who will remain with the company until September, will be replaced by David Wehner, Facebook's vice president of corporate finance and business planning. |
| "Facebook's business is strong and growing, and this quarter was a great start to 2014," said founder and chief executive Mark Zuckerberg in a statement. | "Facebook's business is strong and growing, and this quarter was a great start to 2014," said founder and chief executive Mark Zuckerberg in a statement. |
| The firm said it reached 1.28 billion users during the period, with more than a billion of those accessing the site through a mobile device, such as a smartphone or tablet. | The firm said it reached 1.28 billion users during the period, with more than a billion of those accessing the site through a mobile device, such as a smartphone or tablet. |
| Shares of Facebook were up nearly 5% in after-hours trading. |