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Facebook Warns Over Advertising Revenue Growth

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Facebook warns over advertising revenue growth
Nearly 1.1 billion people use Facebook every year

The social media giant Facebook announced via its chief financial officer David Wehner, that there will be a limit on the number of ads it could put on people’s timelines. The shares fell to 7% in, after-hours trading.

The comments came as Facebook reported profits of $2.4bn (£1.9bn) between July and September, up 166% from the same period in 2015.

Most of Facebook’s revenues came from adverts, of which mobile accounted for 84%. Facebook founder Mark Zuckerberg described the results as “another good quarter”.

Nearly 1.1 billion people now log onto Facebook on their mobiles every day, compared with 894 million a year ago.

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