Facebook’s Massive $9.32 Billion Earnings Buoyed by Ad Revenue

Facebook (NASDAQ:FB) has done it again. The social networking giant has beaten analyst projections and generated close to $9.32 billion in revenue (PDF) during its second quarter. That’s up 71 percent from the same quarter last year. Fueled by ad revenue from targeted ads by small businesses, the milestone puts Facebook in a league of its …

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