By Tony Connelly

Facebook has reported its financial results for the second quarter of the year boasting steady growth in both revenue and users.

The company exceeded Wall Street expectations, reporting an operating profit margin of 55 per cent. The news follows on from what has been a strong year so far with a stock increase of 24.3 per cent, valuing the company at $276.4 billion.

Overall profit fell 9 per cent however as a result of sharp increases in spending for mobile revenue and future growth. The social media giant is planning to increase investment from 55 to 60 per cent compared to the Read full story ›

Source: The Drum