The Presidential Daily Brief


  1. Facebook Far Outpaces Expectations

    Mark Zuckerberg has reason to be smug. The social media giant zoomed past critics’ expectations to more than double its quarterly earnings thanks to a boom in mobile ads. The company reported second-quarter revenue of $2.9 billion, up 61 percent from last year, and mobile advertising grew 151 percent. It now has 1.32 billion monthly users — nearly China’s population — and shares that have climbed over 30 percent this year enjoyed a five percent bump in after-hours trading. 

    FT (sub), ReutersUSA Today

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