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Facebook surges past forecasts as user base grows, revenue swells

Net profit doubles year-on-year to US$3.7b in Q4; company expects to invest aggressively in artificial intelligence

AI will help Facebook show "content that's really good" and "enforce the community standards that we have to make sure that everyone has a good and fair experience", said Mr Zuckerberg.

San Francisco

FACEBOOK reported on Wednesday that its profit more than doubled in the final three months of last year as revenues climbed and its user base grew.

In earnings which topped most forecasts, Facebook said it made a net profit of US$3.7 billion on revenue of US$8.6...

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