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Facebook sales top estimates, fuelled by mobile advertising

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Facebook notched another quarter of revenue that beat estimates after stepping up its mobile-advertising efforts, sending its shares to a record in after-hours trading. The company running the world's biggest social network reported third-quarter sales of $US4.5 billion ($6.3 billion), compared with the $US4.37 billion average analyst estimate, according to data compiled by Bloomberg. Monthly users jumped 14 per cent to 1.55 billion, with 1.01 billion people logging on daily to check on other people and...

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