Facebook earnings jump to $642 mn on 72% revenue gain

Facebook on Thursday unveiled a change to its privacy policy aimed at limiting the data shared by new users who may be unfamiliar with the huge social network

Facebook profits jumped to $642 million in the first quarter on a 72 percent surge in revenues, helped by gains in mobile users and mobile advertising, the company reported Wednesday. Advertising revenues were up 82 percent from a year ago, and earnings from mobile ads comprised 59 percent of that, compared with 53 percent in the fourth quarter of last year.