Facebook targets advertisers as 100 million log on in Africa

JOHANNESBURG (Reuters) – One in 10 Africans are logging on to Facebook every month, the world’s No.1 online social network said on Monday, presenting a new target audience for advertisers. Of those 100 million people, 80 percent are accessing the platform via mobiles on a continent with very low internet penetration and smartphone ownership, it said. … Read more

Facebook shares hit record high as market likes earnings

July 24 (Reuters) – Shares of Facebook Inc hit a record high on Thursday after a surge in mobile advertising revenue helped the world’s No. 1 social network trounce analysts’ expectations for quarterly profit and revenue. The company’s shares rose 7.6 percent to a high of $76.74 in early trading on the Nasdaq. At that … Read more