Facebook profits up by 40%

Facebook's revenue in the final three months of 2012 has gone up 40% compared to 2011 - to $1.585 billion. The firm's latest financial report shows daily active users at 618 million on average in December, with monthly active users at 1.06 billion.

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Facebook headcount set to grow in 2013

Facebook Inc CEO Mark Zuckerberg has said the company expects to grow its headcount in 2013, as it invests in new products.

Zuckerberg said the world's number one social network will be focused on building the business for the long-term and will not be operating to maximise profit in 2013.

Founder of Facebook Mark Zuckerberg. Credit: Chris Ratcliffe/PA Archive/Press Association Images

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