Eighty percent of Facebook income comes from advertising

in #finance7 years ago (edited)

Facebook, As the social media is not growing just popularity, the income is increasing also. This social media is so much earning from the advertising sector. From July to September this year, Facebook has earned about 470 crores US dollars from the advertising sector. And before the end of the year, Facebook's income in the advertising sector stood at more than $10 billion.

Recently, Facebook authorities published an income report in the third quarter of this year at a ceremony. Facebook CEO Mark Zuckerberg said about 80 percent of the total income this year came from advertising. He further said, there are currently six million registered business entities on Facebook, who are advertising on Facebook.

Mark Zuckerberg noted that while increasing revenue, Facebook's spending has increased. He said that Facebook created records with the recruitment of about two and a half thousand new employees. And this year the cost of the company increased 35 percent compared to last year. With the aim of increasing Facebook's security by next year, there are plans to hire more than 10,000 employees by next year. Social media touches the milestone of becoming 200 million users this year.

Mark Zuckerberg is not giving much importance to rising income Their attention is now to prevent the misuse of these social media, said Zuckerberg.

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Not just Facebook, there are many sites that can earn better. Facebook is a popular communication medium.

I have deactivated facebook bacause there are so many advertisements on my feed. I think people will use steemit instead of facebook in the future.

yes may be, Thanks for your valuable comment

Yeah.. Also fb starting a new way to earn money just like steem.. you know??

you mean "instant article" ?

you got up voted for $10.65 at 88% by @hamza-arshad

Yes brother.... its popular advitising source because many people continously browsing here😊

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