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Facebook breaks profit record amid scandals

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Facebook announced record profit on Wednesday despite the scandals it faced in 2018.

The company’s profit increased by 30% to $16,9 billion, surpassing analysts’ forecasts of $16.4 billion.

This increase in profits shows that digital advertisers still prefer the world’s biggest social media platform.

Facebook’s stock price increased more than 11% in the following hours.

Though exceeding all the expectations, it was the slowest revenue growth in the last 6 years.

 

 

 

 

 

 


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