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Facebook grows revenue more than 30 percent in Q3, but also posts loss

Juan Carlos Perez | Oct. 24, 2012
Facebook, under extreme pressure to cheer up its disappointed investors, posted revenue growth of more than 30 percent in its third quarter on Tuesday, and beat Wall Street expectations, but also recorded a loss.

During the third quarter, the company also made an e-commerce move with the launch of its Gifts service, which is designed to make it easier for users to choose, pay for and send gifts to friends.

The company also launched several new ad products, and generated 14 percent of its ad revenue from mobile.

 

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