Most Active Stories
- New Lawsuit Alleges Racial Discrimination At Power And Light
- Marathon Spelling Bee Makes Celebrities Out Of Kansas City Area Spellers
- Kansas Supreme Court Rules School Funding Formula Unconstitutional
- Food Critics: Best Sausage In And Around Kansas City
- Archeology Bolsters Background Of Historic Kansas City Homestead
Thu May 2, 2013
Originally published on Thu May 2, 2013 9:09 am
RENEE MONTAGNE, HOST:
NPR's business news starts with profits for Facebook.
(SOUNDBITE OF MUSIC)
MONTAGNE: Facebook announced its latest quarterly results, reporting revenues just under $1.5 billion.
DAVID GREENE, HOST:
The company showed a profit of nearly $220 million for the quarter but this fell short of analysts' expectations. CEO Mark Zuckerberg blamed the missed target on higher costs. Company spending is up 60 percent this quarter over the previous one due to hiring and new developments.
MONTAGNE: But the investments seem to be paying off with Facebook's mobile strategy. It has more than 750 million active mobile users and mobile advertising now accounts for 30 percent of Facebook's ad sales. Transcript provided by NPR, Copyright NPR.