, Columnist
Don't Worry About Facebook's Growth. Be Happy.
Even if the expansion in the number of ads slows, the price keeps rising.
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Facebook has warned for months that its runaway train of revenue growth is running out of steam. The company showed Wednesday that it is laying new track as fast as it can.
Facebook continues to be one of the fastest growing and most profitable tech companies in the world. Revenue rose 45 percent in the second quarter, the company said on Wednesday. That's nowhere near the incredible pace of growth that started in late 2015, but it's hard to complain about a company of Facebook's size growing "only" 47 percent in the last six months with 45 percent operating profit margins.