Facebook revenues up 50%

[Don2 (Don1 Revised)]

Yeah, that's right. Apparently, with all the scandal about how Russia was able to do great things with Facebook advertising, many corporations have decided it's a very effective advertising tool.

Facebook Inc. recorded rising revenue and profits in the first quarter as advertisers were undeterred by controversies around the site’s mishandling of user data and struggles to police its platform.

The social-media giant reported a quarterly per-share profit of $1.69, up from $1.04 a year earlier, while revenue rose nearly 50% to $11.97 billion. Net income rose 63% to nearly $5 billion, compared with $3.06 billion a year ago.

https://www.wsj.com/articles/facebook-reports-higher-revenue-earnings-1524687694

 

[Elixir]

Yeah, that's right. Apparently, with all the scandal about how Russia was able to do great things with Facebook advertising, many corporations have decided it's a very effective advertising tool.

Facebook Inc. recorded rising revenue and profits in the first quarter as advertisers were undeterred by controversies around the site’s mishandling of user data and struggles to police its platform.

The social-media giant reported a quarterly per-share profit of $1.69, up from $1.04 a year earlier, while revenue rose nearly 50% to $11.97 billion. Net income rose 63% to nearly $5 billion, compared with $3.06 billion a year ago.

https://www.wsj.com/articles/facebook-reports-higher-revenue-earnings-1524687694

Good. Now maybe they can afford to cut loose some Russian troll accounts.