Tuesday 22 January 2019
Home      All news      Contact us      Philipino
inquirer - 9 month ago

Facebook profits jumped sharply despite privacy scandal

Facebook has reported a sharp jump in profits in the past quarter with gains in its user base and strong ad growth, as the social network appeared to see no impact from a controversy over privacy. Profit in the first quarter of 2018 leapt 63 percent from a year ago to $5 billion, and total revenues increased 49 percent to $11.97 billion, Facebook said in an earnings update which topped most analyst forecasts. Facebook chief executive Mark Zuckerberg, who has spent most of the past month on the fallo

Related news

Latest News
Hashtags:   

Facebook

 | 

profits

 | 

jumped

 | 

sharply

 | 

despite

 | 

privacy

 | 

scandal

 | 
Most Popular (6 hours)

Most Popular (24 hours)

Most Popular (a week)

Sources