Facebook revenue jumps as U.S. privacy penalty looms

Facebook revenue jumps as U.S. privacy penalty looms

5 years ago
Anonymous $9jpehmcKty

https://www.reuters.com/article/us-facebook-results/facebook-revenue-jumps-as-u-s-privacy-penalty-looms-idUSKCN1S02N6

Facebook Inc beat analysts' estimates for quarterly revenue on Wednesday, aided by growth in its Instagram business and a surge in advertising sales, while also setting aside up to $5 billion to cover anticipated official U.S. privacy penalties.