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Facebook’s advertising revenue jumps 57% in 2016

Facebook Inc.’s ad revenue in the fourth quarter of 2016 rose 53.1% from the same period a year ago, thanks in large part to the social network’s robust mobile advertising business that accounts for 84% of its overall ad revenue. For the full year, Facebook reported total revenue of $27.6 billion, up 54% from 2015, […]

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