Facebook reported monthly active users up 7.3% at 2.9 billion for the quarter ended in June. The figure was in line with expectations but reflected slowing growth, knocking shares down by 4% in lat…
reported monthly active users up 7.3% at 2.9 billion for the quarter ended in June. The figure was in line with expectations but reflected slowing growth, knocking shares down by 4% in late trading.
The social media giant said total revenue of $29.08 billion rose 56%. Net profit jumped 101% to $10.39 billion, or $3.61 a share. Both figures represented a beat on the wings of higher digital ad revenue that has marked tech sector earnings this week and last.. “I’m excited to see our major initiatives around creators and community, commerce, and building the next computing platform coming together to start to bring the vision of the metaverse to life.
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