Facebook quarterly profit rockets despite ad boycott, pandemic

Energy Daily

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San Francisco (AFP) July 30, 2020

Facebook reported Thursday that its quarterly profit had nearly doubled and users grew despite a boycott by advertisers and the pandemic-induced economic turmoil. The leading social network said it made a profit of $5.2 billion on $18.7 billion in revenue in the recently ended quarter, as the number of people using the platform monthly rose to 2.7 billion. "This was a strong quarter for

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