Facebook flush with advertising money

Facebook revenues and profits soared in the most recent quarter, as advertising dollars poured into the social media company and users continued to flock to the site.

More than two billion people – more than a quarter of the world’s population – log into the site every month, a powerful draw for advertisers.

The firm said revenues hit $9.3bn over the April to June period, jumping 45% year-on-year.

Profits climbed 71% to $3.9bn.

“We had a good second quarter and first half of the year,” said chief executive Mark Zuckerberg, who founded Facebook in 2004.