Can Facebook eat into the TV advertising market?

The social network is certainly going to try

How will Facebook continue to profit?
(Image credit: Photo Illustration | Images courtesy iStock, Gary Waters / Alamy Stock Photo)

It should have been a great moment of triumph for Facebook. Instead, the social network's stock took a precipitous nosedive.

Facebook released its third-quarter results on Wednesday, showing spectacular year-on-year revenue growth of 56 percent, arriving at $7 billion. Facebook's third-quarter profits, meanwhile, grew almost 300 percent, to hit $2.3 billion.

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