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Facebook profits top $9bn amid whistleblower revelations
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Facebook’s profit topped $9bn during its most recent financial quarter, clearing investor predictions even as the company faces an onslaught of negative publicity over a major release of whistleblower documents.
The company revealed in its Monday earnings report that it saw a 6% year-on-year increase in daily active users, reaching an average of 1.93 billion for September 2021. Its revenue grew 35% to $29.01bn, thanks to a boom in online advertising.
Facebook’s financial wins came amid intense scrutiny, after a consortium of news organizations published stories on Monday based on documents leaked by the whistleblower Frances Haugen. Haugen testified on Monday in front of British MPs calling for external regulation of Facebook.
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