$29.01 billion vs $29.57 billion expected by analysts, according to Refinitiv.1.93 billion vs. 1.93 billion expected by analysts, according to StreetAccount.2.91 billion vs. 2.93 billion expected by analysts, according to StreetAccount.The company announced its plans to break out its Facebook Reality Labs into its own reporting segment starting in the fourth quarter. That unit focuses on hardware, augmented reality and virtual reality products.
With revenue growth forecast to hit 37% in the latest quarter, Facebook is showing it can continue to make an increasing amount of money off its massive user base But all the recent attention on Facebook stems from a series of reports, initially from The Wall Street Journal, regarding internal research released by former employee Frances Haugen.
Haugen initially shared some of the documents she acquired during her time at Facebook with the Journal, and she then appeared in front of a Senate panel earlier this month to testify about her experiences at the company. Since then, Haugen has released the documents to several more news outlets, leading to additional news articles.
show that Facebook is aware of many of the harms its apps and services cause but either doesn't rectify the issues or struggles to address them. More documents are expected to be shared daily over the coming weeks.
Hardly. Are you serious? Profits are up. If you don't like Facebook .. cool story! Move on. Facebook is NOT in charge of your emotions. Get over it. They are a COMPANY that MAKES MONEY FOR ITS INVESTORS.. ONLY
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