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Facebook quarterly profit rockets despite ad boycott, pandemic

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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.

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“This was a strong quarter for us, especially compared to what we expected at the start,” chief executive Mark Zuckerberg said.

Source:
https://guardian.ng/news/world/facebook-quarterly-profit-rockets-despite-ad-boycott-pandemic/



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