July 31, 2020

Facebook quarterly profit rockets despite ad boycott, pandemic

San Francisco (AFP) – Facebook reported Thursday that its quarterly profit had nearly doubled and users grew despite a boycott by advertisers and the pandemic-induced economic turmoil.The leading social network said it made a profit of $5.2 billion on $18.7 billion in revenue in the recently ended quarter, as the number of people using the platform monthly rose to 2.7 billion.”This was a strong quarter for us, especially compared to what we expected at the start,” chief executive Mark Zuckerberg said.Shares in the Silicon Valley-based technology giant were up six percent in after-market trades…

source https://this.kiji.is/en/661716001142916193?c=648607265489716321

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