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Facebook announces profits have trebled

Profits in Facebook have risen threefold to 1.5 billion dollars​.

By Jon Francis | Published: 28th April 2016 Business

Shares in the company are also at a record high.

Net profits are up from $500 million 12 months ago.

The social media site now has average daily users of 1.1 billion.

Mark Zuckerberg told the Facebook website: "We had a great start to the year.

"We're focused on our 10 year roadmap to give everyone in the world the power to share anything they want with anyone."