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Facebook posts 28% quarterly revenue rise at $16.9 billion
short by Kanishka Pandey / on Thursday, 25 July, 2019
Facebook on Wednesday posted a nearly $16.9-billion revenue for the June quarter, representing a growth of about 28% compared to last year. The financial results were announced hours after Facebook was fined a record $5 billion by the US FTC over privacy scandals, particularly related to the Cambridge Analytica data scandal. Facebook's stock was up around 3% in after-hours trading.
read more at TechCrunch