Graphic shows revenue and net profit from 2010 to first quarter of 2018.
BUSINESS
Facebook’s money machine posts $4.99bn profits
By Duncan Mil
April 26, 2018 - Facebook has reported a 63 percent increase in profits in the first quarter of 2018 and 2.2 billion monthly active users -- up 13% from a year earlier -- giving no sign that the personal data scandal has halted growth.
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The improper handling of data of 87 million Facebook users by Cambridge Analytica did nothing to stop the social media site posting $4.99 billion in quarterly net income on sales of $11.97 billion.