Facebook on Wednesday reported its quarterly profit jumped just over $3 billion as its ranks of monthly users closed in on two billion.
The leading social network said it made a profit of $3.06 billion on $7.86 billion in revenue in the first three months of this year, posting increased of 76 percent and 51 percent respectively when compared to the same period last year.
Meanwhile, the number of people using Facebook monthly increased 17 percent to 1.94 billion, according to the earnings report.