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Business daily

Facebook profits soar 186% as user numbers surge

Profits at Facebook have jumped by 186% since last year, as the social network passes the milestone of 1.7 billion active users. Mobile advertising has become increasingly important to the company, whose shares rose to a record high after publishing its second quarter results. Also today, unions say French mobile operator SFR is planning to cut 5,000 jobs - a third of its workforce.

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