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Facebook stock rises on better-than-expected revenue and earnings

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Facebook is facing pressure from regulators, but the social network is still growing its huge ad business.

2.45 billion vs. 2.45 billion forecast by FactSet.Facebook reported revenue growth of 29% from a year earlier, marking the third straight quarter of sub-30% expansion. Competition in the online ad market has increased, in particular withbecoming a bigger player, but Facebook is finding more avenues for ad growth at Instagram and through new formats like Stories.

Facebook said it counts more than 2.8 billion monthly users across the its family of apps, up slightly from the previous quarter. Its user base in Europe increased to 288 million from 286 million daily active users in the prior quarter. In the U.S. and Canada, users rose to 189 million from 187 million a quarter earlier.

Wehner said the 2020 deceleration should be "less pronounced." According to analysts, revenue growth will slow next year to 22% from 26% in 2019.

 

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Boo

Because the traitor Zuckerberg is making money off of the Russians!!

Should Facebook change its policies just because a handful of partisan political attention seekers want it to? NO.

There’s big money in posting politicians’ lies. breakupbigtech

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