Facebook tops a billion users a day

Facebook shares rose by around five percent after the company’s quarterly results beat estimates.

The social media network now has 1.1 billion users a day, with over 1.5 billion monthly active users – the vast majority using the service on mobile devices.

A huge increase in mobile advertising boosted overall ad revenue by 45 percent.

Mobile commercials are growing fast generally, driven by Facebook’s growth according to some analysts.

Total revenue jumped to $4.5 billion dollars (4.13 billion euros) in the third quarter, up from $3.2 billion (2.94 billion euros) a year earlier.

It's official: a billion people a day now use Facebook https://t.co/hkfVmZXoWG

— Fast Company (@FastCompany) November 4, 2015

#Facebook third-quarter revenue beats on ad sales growth: https://t.co/lfjEV9mjpC$FBpic.twitter.com/CdqhkzaZU1

— Reuters Business (@ReutersBiz) November 4, 2015