San Francisco: Facebook’s revenue rose 32 percent in the second quarter, months after it went public in May.

Facebook posted a net loss of $157 million, or 8 cents a share in the second quarter, due to hefty stock compensation charges related to its initial public offering, compared to net income of $240 million, or 11 cents, in the year-ago quarter, Reuters reported.

Excluding the charges, Facebook said it earned 12 cents a share.

Facebook said it had 955 million monthly active users, up from the 901 million users at the end of March.

Facebook shares are down nearly 30 percent from its $38 offering price, as investors worry about the company’s ability to transform its growing mobile presence into ad revenue and the company’s long-term money-making potential.

In Pakistan, Facebook has around seven million users.

• Send your Blogs


• Send your News


• Advertise with Us


• Contact Us