Facebook Continues to Register Strong Growth

Technology

New Delhi: It may not have been the most peaceful past year or so for Facebook, but the social network continues to defy the odds. And in many ways shows its resilience in the face of all the data privacy scandals and the troubles with data breaches. The company reported the Q4 2018 earnings, and the financial results clearly don’t give the hint of any trouble elsewhere.

Facebook has revealed that its income rose to $6.9 billion for the October-December 2018 quarter. This is up from $4.26 billion in the same quarter in 2017, which incidentally was before the Cambridge Analytica data privacy scandal broke out early last year—and that is an increase of 61 percent. Revenue increased to $16.9 billion, up from $12.97 billion in the same quarter the year before.

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