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By Alexei Oreskovic SAN FRANCISCO (Reuters) - Facebook Inc's mobile advertising business accelerated in the first three months of the year, helping the Internet social networking company top Wall Street's financial targets. Shares of Facebook were up nearly 3 percent at $63.05 in after-hours trading on Wednesday. Facebook said that mobile ads represented 59 percent of its ad revenue in the first quarter, up from 30 percent in the year-ago period. Facebook's overall revenue grew 72 percent year-on-year to $2.5 billion in the first quarter, above the $2. ...
WASHINGTON (AP) — The Supreme Court on Wednesday rejected a plea to make it easier for victims of child pornography to collect money from people who view their images online, throwing out a nearly $3.4 million judgment in favor of a woman whose childhood rape has been widely seen on the Internet. Two dissenting justices said Congress should change the law to benefit victims.
Turkey's prime minister offered his condolences on Wednesday over the massacre of Armenians during World War I, calling it "our shared pain", the country's most significant overture yet over the deeply divisive episode. Prime Minister Recep Tayyip Erdogan's statement, on the eve of the 99th anniversary of the start of mass deportations of Armenians in 1915, is the first such overt comment by a Turkish leader over the killings, considered by many as the first genocide of the 20th century. He acknowledged that the events of 1915 had "inhumane consequences" but also said it was "inadmissable" for them to be used as an excuse today for hostility against Turkey. Armenia has been trying to get Turkey to recognise the killings of up to 1.5 million people under the Ottoman Empire as genocide.