Today news
About the same in other media
Facebook profits top $9bn amid whistleblower revelations
Reading now: 645
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.
The latest
Read more on theguardian.comAbout this in other media
Event recap Web Summit 2021: crypto, climate change and Facebook cointelegraph.com /3 years ago
Square's Cash App Bitcoin profits fall 23% — Will opening it to teenagers help? cointelegraph.com /3 years ago
Societe Generale CFO departs as Q3 profits top forecasts fnlondon.com /3 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
