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Facebook’s Earnings And Revenue Soared In Q1

Facebook’s Earnings And Revenue Soared In Q1

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Facebook is being liked by the stock market again. The social network’s earnings and revenue soared in the first quarter, showing its advertising business continued to grow, even as it responded to controversy over content and privacy. Its shares gained 7 per cent in after-hours trading on the back of a 49 per cent increase in sales to almost $12bn and a 63 per cent increase in profits to almost $5bn.

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