Facebook Profit Climbs Even After Criticism over Data
31st Oct, 2019-- Leading Social media platform Facebook reported that its profit topped $6 billion on revenue that climbed 28 percent to $17.4 billion in the quarter that ended on September 30.
Meanwhile, the number of active monthly users increased eight percent from a year ago to 2.45 billion.
"We had a good quarter and our community and business continue to grow," said Facebook chief and co-founder Mark Zuckerberg. "We are focused on making progress on major social issues and building new experiences that improve people's lives around the world."Facebook shares rose more than four percent in after-market trades that followed the release of the earnings figures, which beat Wall Street expectations.
"Advertisers continue to support Facebook, despite the many controversies swirli...