Facebook said Wednesday its profit leapt 186 percent from a year ago to $2 billion, as the world's biggest social network blasted past most analyst forecasts for the second quarter. With its global base of monthly active users growing to 1.7 billion, Facebook saw a 59 percent jump in total revenues to $6.4 billion, mostly from online advertising. Facebook shares jumped nearly seven percent in after-hours trade on the stronger-than-expected results.
US prosecutors on Wednesday dropped all remaining charges against police in the death of Freddie Gray, an African American whose fatal injury in custody provoked riots in Baltimore, ending the high-profile case without any convictions. The lead prosecutor defended efforts to convict six officers on charges ranging from second degree murder to reckless endangerment, but said "reluctance and obvious bias" from individual police officers had undermined the case, making it probable that the three remaining trials would end in acquittal. The decision from Baltimore's state prosecutor now makes it unlikely that anyone will be punished for what was one of the most inflammatory deaths of unarmed black men blamed on police, fueling a nationwide protest movement.