November 2, 2017

Facebook Ad Revenue Tops $10bn

November 2, 2017 Technology News

Facebook profits soared in the third quarter as it brought in more than $10bn from advertising. The firm said profits were $4.7bn (£3.5bn) in the three months to the end of September, up 80% year-on-year. Chief executive Mark Zuckerberg told investors the firm’s investments in security would “impact” profitability. US lawmakers are examining the possible use of the platform for Russian propaganda activities during the 2016 US presidential election. “We’re serious about preventing abuse on our platforms,” Mr Zuckerberg said.Read More

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