Facebook’s rise in profits, users shows resilience after scandals

Facebook’s rise in profits, users shows resilience after scandals. Facebook shares rose on Wednesday after the social network reported a surprisingly strong 63% rise in profit and an increase in users, with no sign that business was hurt by a scandal over the mishandling of personal data.

Facebook’s quarterly profit beat analysts’ estimates, as a 49% jump in quarterly revenue outpaced a 39% rise in expenses from a year earlier. The mobile ad business grew on a push to add more video content. Facebook said monthly active users in the first quarter rose to 2.2B, up 13% from a year earlier and matching expectations. Read more here.

• Author
• Recent Posts

JADIRI GAMER

Jadiri Gamer "THE MORE YOU KNOW" Gamers Entertaining Gamers
Fandomfare Gaming Entertainment no.1 source in, Gaming news, Live Game Streaming , PC Gaming & related Events E3, Gamecon and more, eSports event news and releases gaming technologies.

Fandomfare Gaming Entertainment Video Games | Game Reviews | Game Streaming |Linux Distribution | more than 20-year online gaming and following the gaming industry\

Latest posts by JADIRI GAMER (see all)

• Ancient Enemy to release April 9th - March 28, 2020
• Population Zero Gameplay Series Episode 1: Technology and Perks - March 28, 2020
• Gamedec, supported by Brian Fargo & Obsidian Entertainment, gets funded on Kickstarter within 36 hours. GOG.com version & the first stretch goal revealed. - March 28, 2020