Steep rise in Facebook profits, no sign of impact from Russia scandal
Updated:7 years, 12 months ago
New Delhi, Nov 03 (ANI): Facebook earnings soar with a 79 percent increase in quarterly profit, the tech giant apparently insulated from criticism over its failure to prevent Russian operatives using its platform for US election meddling. More than just a thumbs up for Facebook. Third quarter profits soared 79 percent and total revenue increased 47 percent to $10.33 billion. Facebook's faced criticism from Washington over its failure to prevent Russian operatives from using the platform for election meddling. The company plans to add 10,000 people to review content on the network but the extra spending will likely hit profits, with expenses expected to grow by 45 percent to 60 percent next year. Facebook has said that people in Russia bought at least 3,000 U.S. political ads, which were seen by millions of Americans over two years.
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