Facebook Beats Earnings Expectations With 49% Growth in Q3, Despite Russian Ad Controversy

Legislators brutally scrutinized tech organizations for not settling counterfeit news as facebook beat earning.

Facebook

Reported another $10.14 billion in advertising revenue in the third quarter even while the company’s top attorney testified in Congress about how Russian operatives bought ads to misinform users before, during and after the 2016 presidential election.

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Today, the company said revenue for the previous three months grew 49 percent compared to the same period last year. Total revenue was also up, increasing 47 percent year-over-year to $10.33 billion. Earnings per share were $1.59—a 77 percent increase from third-quarter 2016.

 

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