Facebook profit climbs to 6.9 billion dollars despite scandals and controversies

Despite numerous scandals, Facebook is making more money than ever. company posted its quarterly revenue report underlining record profits.

Facebook revenue in Q4 hit USD 16.9 billion, up by 30 per cent compared to last year. It also posted record profits of USD 6.9 billion, up by 60 per cent from previous year, Mashable reports.

During earnings call, Facebook also anunced that it gained more users. However, company will longer focus on Facebook statistics and will start focusing on entire family of apps to collectively report on m.

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neless, main social network witnessed strong growth in Asia, credit goes to India and Philippines in particular.

Last year, Facebook was embroiled in Cambridge Analytica scandal in which millions of users h ir privacy sabotd. While incident did bring Facebook global dam in terms of reputation, it is clearly indication of #DeleteFacebook movement having any impact.