Q3 mobile driving growth for Facebook, Twitter user numbers disappoint

Facebook has reported third quarter results, again showing strong year-on-year growth in mobile, where daily active users (DAUs) rose by 39% to 703 million, while overall daily users rose 19% to 864 million DAUs. The social networking site also reported 59% revenue increase compared to Q3 2013. Advertising revenue increased 64% to $2.96 billion of […]

Facebook to buy virtual reality firm Oculus for $2bn

Facebook is set to acquire immersive virtual reality developer Oculus VR for around $2bn, as an investment for the future, when such technology is expected to become commonplace.