Facebook beats on profit as costs grow slower; shares rise

Facebook beats on profit as costs grow slower; shares rise

5 years ago
Anonymous $xdcOWPpsb_

https://www.reuters.com/article/us-facebook-results/facebook-beats-on-profit-as-costs-grow-slower-shares-rise-idUSKBN1X92H6

Facebook Inc reported better-than-expected quarterly revenue on Wednesday and profit rose as growth in expenses slowed from a year earlier, assuaging investor fears of financial fallout from fierce scrutiny by regulators and lawmakers of the world's largest social media company.