Facebook sales soar despite data scandal

Fb’s quarterly gross sales rose by practically 50% within the social media big’s first outcomes since a privateness scandal over customers’ knowledge emerged.

The corporate mentioned that revenues rose to $11.9bn within the first three months of the 12 months, in comparison with $8bn beforehand.

Chief govt Mark Zuckerberg mentioned: “Regardless of going through essential challenges, our group and enterprise are off to a robust begin in 2018.”

He added that the agency is “taking a broader evaluate of our accountability”.

Fb mentioned that its promoting income rose to $11.7bn within the three months to the tip of March, in comparison with $7.8bn in the identical interval a 12 months in the past.

First quarter income additionally grew, reaching $four.9bn in comparison with $3bn final 12 months.

In March, in the direction of the tip of Fb’s reporting interval, the corporate was caught up in an enormous privateness scandal involving the political consultancy Cambridge Analytica,

Fb admitted that the data of 87 million users had been improperly shared with the consultancy.

Commenting on the primary quarter outcomes, Mr Zuckerberg mentioned: “We’re taking a broader view of our accountability and investing to ensure our companies are used for good.

“However we additionally have to hold constructing new instruments to assist folks join, strengthen our communities, and produce the world nearer collectively.”

Fb mentioned the common variety of each day lively customers over March had risen to to 1.45 billion, a 13% enhance year-on-year.

The typical variety of month-to-month lively customers for March additionally rose by 13%, to 2.2 billion, and the variety of workers noticed a steep 48% enhance to 27,742.

Printed at Wed, 25 Apr 2018 21:11:45 +0000