Social Media Company Facebook made a whopping $1.51b in profits first quarter of 2016

Mark Zuckerberg the CEO of Facebook

Facebook made $1.51b in profits from January to March 2016. The sales for the first quarter reached $5.4b, higher than the previous year which was $3.5b. 

Facebook introduced live video which attracted new advertisers, also mobile advertising rose to 82% higher than last year’s 72% increase.

However Mark Zuckerberg the CEO of Facebook requested a new class of stock in order for him to donate money from his shares to charity while maintaining an active leadership role, and control of the company.

Source: BBC News