By Seb Joseph

Facebook’s earnings for quarter two crushed Wall Street estimates, with ad revenue for the most recent three months of the year clocking in at a cool $6.24bn. Mobile ad revenue counted for 85 per cent of this figure – up 81 per cent year-on-year – indicating strong growth for the world’s biggest social network.

In short, Facebook must be doing something right. However, far from comfortably enjoying his company’s command over digital advertising, chief executive Mark Zuckerberg was keen to outline the tech behemoth’s next major play, search.

Speaking to investors during the earnings call yesterday (28 July), the chief said that Read full story ›

Source: The Drum