Facebook has done it again.
As the company fights growing backlash against its political advertising policies and new pressure from lawmakers, Facebook is proving once again that seemingly no scandal is big enough to affect its bottom line — at least for now.
The company delivered its results for the third-quarter of 2019, revealing that it had taken in $17.7 billion while growing its daily active users to 1.62 billion — both comfortably ahead of analysts' expectations for the beleaguered social media giant.
Facebook's latest financial results came just after Twitter CEO Jack Dorsey announced that Twitter would no longer accept political ad dollars from candidates or outside organizations. Though Dorsey didn't call out Facebook or Zuckerberg by name, he made clear that he believes Facebook's own explanation for its political ad policies is "not credible." Read more...
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