Thursday 31 January 2019

Facebook profit climbs along with ranks of users

Facebook said Wednesday quarterly profit climbed to $6.9 billion as its ranks of users continued to grow despite scandals that have dented the leading social network's image. Revenue soared 30 percent from a year ago to $16.9 billion while the number of people using it monthly rose nine percent to 2.32 billion, Facebook said in its fourth quarter update. 

Net profit for Facebook, which makes money from online advertising, was up a strong 61 percent from the same period last year .. 

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