BusinessFacebook shares hit all-time high as revenue and user growth impressesReach: Facebook says one in every five minutes Americans spend online is on Facebook or InstagramJonathan Brady/PAClare Hutchison5 November 2015Investors hit the like button on Facebook shares last night, sending the stock to an all-time high.The surge was triggered by strong quarterly results from the social network, which claims that Americans spend one in every five minutes they are online on Facebook or Instagram.Revenue leapt 41% to $4.5 billion (£2.9 billion), while net income was 11% higher at $896 million.Perhaps more importantly for advertisers, monthly active users hit 1.55 billion at the end of September, up 14% year-on-year."Growth is happening across the board and we're of course looking for a lot of growth in the future in emerging markets," Chief Operating Officer Sheryl Sandberg told Reuters.Read MoreThe philosopher who says big tech has got superintelligence wrong WH Smith hire turnaround veteran with package that could be worth £25mBlue Posts boss: If opening a pub becomes so risky, people just won't do itSponsoredMake 2026 the year of working smarter"We're also pretty focused on helping bring the next set of people who are not online, online," she added.The California-based company can now boast 8 billion video views per day from 500 million people, versus the 4 billion views it had in April.Advertising revenue grew 45.4% to $4.3 billion, with over three-quarters coming from mobile compared with two-thirds a year ago.Shares jumped 5% to a record high of $109.34 in after-hours trading. The gain was later reduced to 4%.Additional reporting by ReutersMORE ABOUTFacebookSocial MediaTechnologymobile devices
