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FY-15: Facebook revenue grows 43.8%, net income up 25.4%

BENGALURU: Facebook reported 43.8 per cent growth in revenue for the year ended 31 December, 2015 (FY-2015, current year) at $17,928 million as compared to $12,466 million in FY-2014. The company’s net income attributable to common Class A and Class B stockholders increased 25.4 per cent to $3,669...

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Facebook’s Free Basics in a pinch in India; Zuckerberg comes to rescue with op-ed

MUMBAI: Facebook founder and CEO Mark Zuckerberg is on a mission - digital equality in the world. His means to achieve it? Internet.org that has been rechristened as 'Free Basics' in India. What’s standing in his way? The Telecom Regulatory Authority of India (TRAI).  

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Facebook activates Safety Check option after Paris attack

MUMBAI: The world was struck with horror as Paris bled under the terror attacks that paralysed the city early morning on November 14.   As news of the multiple attacks in six key places in the city spread through France and the world, family and friends of those present in the city couldn’t help...

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Q3-2015: Facebook YoY revenue up 40.5% to $4.5 billion; net income $1.63 billion

BENGALURU: Social media major Facebook Inc reported a 40.5 per cent hike in YoY revenue to $4.5 billion in the quarter ended 30 September, 2015 (Q3-2015) as compared to the $3.2 billion in the corresponding quarter of last year.   The company’s non-GAAP net income rose 41.7 per cent YoY to $1.6...

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Facebook's Mark Zuckerberg on India, Internet.org, net neutrality

MUMBAI: Facebook co-founder and CEO Mark Zuckerberg has set his sights on the Indian market in a big way, which according to him is one of the key markets for the social networking company.   In his second visit this year to the country, the young entrepreneur visited the Indian Institute of...

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