In case you were wondering, Facebook makes a killing off all those advertisements that appear alongside (and mixed into) your news feed. Driven by strong mobile ad sales, the social media giant now earns more for every one of its 1.71 billion monthly active users than ever before, The New York Times reports. Facebook earned $3.82 per user during the second quarter, up from $2.76 a year ago. You can do the math. Plus, in the U.S. and Canada — its two most valuable markets — Facebook makes an average of a whopping $14.34 per user. In total, the company's profits have nearly tripled since last year.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Political cartoons for October 27Cartoons Monday's political cartoons include improving national monuments, the NBA gambling scandal, and the AI energy vampire
-
Donald Trump’s week in Asia: can he shift power away from China?Today's Big Question US president’s whirlwind week of diplomacy aims to bolster economic ties and de-escalate trade war with China
-
The Icelandic women’s strike 50 years onIn The Spotlight The nation is ‘still no paradise’ for women, say campaigners
-
Warner Bros. explores sale amid Paramount bidsSpeed Read The media giant, home to HBO and DC Studios, has received interest from multiple buying parties
-
Gold tops $4K per ounce, signaling financial uneaseSpeed Read Investors are worried about President Donald Trump’s trade war
-
Electronic Arts to go private in record $55B dealspeed read The video game giant is behind ‘The Sims’ and ‘Madden NFL’
-
New York court tosses Trump's $500M fraud fineSpeed Read A divided appeals court threw out a hefty penalty against President Trump for fraudulently inflating his wealth
-
Trump said to seek government stake in IntelSpeed Read The president and Intel CEO Lip-Bu Tan reportedly discussed the proposal at a recent meeting
-
US to take 15% cut of AI chip sales to ChinaSpeed Read Nvidia and AMD will pay the Trump administration 15% of their revenue from selling artificial intelligence chips to China
-
NFL gets ESPN stake in deal with DisneySpeed Read The deal gives the NFL a 10% stake in Disney's ESPN sports empire and gives ESPN ownership of NFL Network
-
Samsung to make Tesla chips in $16.5B dealSpeed Read Tesla has signed a deal to get its next-generation chips from Samsung
