Tuesday Tune-Up #459
Huge revenue and user growth in Facebook’s third quarter report
There is no sign of Facebook’s fanbase diminishing any time soon, with the platform’s third quarter report displaying an astonishing increase in revenue and user growth. Despite a notable ad boycott and a complex election cycle, the company reported a 22 percent year-over-year increase in revenue to $21.2 billion, as well as a 12 percent increase in profit to $8 billion. User growth remained in double dig
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