Facebook beats expectations to post positive first quarter earnings

Despite a slew of antitrust hearings, an operating system update threat, and reports of a data leak, the company’s revenue rose to $26.17bn

Facebook earnings beat analyst expectations Wednesday, bolstered by pandemic-driven traffic and ad sales.

The positive earnings report for Facebook comes despite a number of roadblocks for the company in previous months – including a slew of antitrust hearings in the US Congress, an Apple operating system update threatening its advertising revenue and reports of a 2019 data leak that had affected millions of users.

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Despite a slew of antitrust hearings, an operating system update threat, and reports of a data leak, the company’s revenue rose to $26.17bn
Facebook earnings beat analyst expectations Wednesday, bolstered by pandemic-driven traffic and ad sales.
The positive earnings report for Facebook comes despite a number of roadblocks for the company in previous months – including a slew of antitrust hearings in the US Congress, an Apple operating system update threatening its advertising revenue and reports of a 2019 data leak that had affected millions of users. Continue reading…Technology | The Guardian

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