Facebook touts advertising milestone

The world's biggest social network now has more than 1.1 billion users
Facebook said Tuesday that more than a million businesses now advertise at the leading social network.

Facebook said Tuesday that more than a million businesses now advertise at the leading social network.

"I know business owners like these invest their hard-earned money and time into running their companies," Facebook's Dan Levy said in a blog post that referred to advertisers such as Singapore's Retail Ministry and retailer Springwools in Ireland.

"So today, on behalf of everyone at Facebook, I want to say 'thank you' to them and to the over one million businesses like them who are active advertisers."

A little more than a year after a nightmarish share offering, Facebook still has its ardent backers and detractors.

The world's biggest social network, which now has more than 1.1 billion users, has managed to boost its earnings since the , including from its , important in countering its critics.

The IPO on May 18 last year sparked a series of crises for Facebook, with the shares plunging from $38 to as low as $17.73 in September.

Shares closed Tuesday at $24.21.

In the past year, California-based has ramped up its advertising efforts, especially for the .


Explore further

Facebook outlook still muddled one year after IPO

© 2013 AFP

Citation: Facebook touts advertising milestone (2013, June 19) retrieved 16 October 2019 from https://phys.org/news/2013-06-facebook-touts-advertising-milestone.html
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.
0 shares

Feedback to editors

User comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more