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Facebook's revenue up by 25% to $21bn, expenses rise 34% in Q4
short by Aishwarya / on Thursday, 30 January, 2020
Facebook's revenue for the fourth quarter of 2019 stood at $21.08 billion, up by 25% compared to the year before. It reached 2.5 billion monthly users, a 2% rise from 2.45 billion in the third quarter of 2019. However, Facebook's profit rose by just 7% to $7.3 billion while its expenses for the fourth quarter shot up by 34%.
read more at TechCrunch