Facebook brushes off ‘fake news’ scandal by smashing earnings forecasts

Facebook has surpassed analyst forecasts courtesy of a strong performance from its mobile ad business which saw quarterly profits soar to $3.57bn, up from just $1.56bn a year ago, on the back of $8.81bn in revenues for the period – up from $5.84bn a year ago.
The bumper figures come despite a fake news scandal which saw the social media giant thrust under the spotlight for all the wrong reasons as it sought to defend its role in promoting fabricated news during the US election, and a