Monthly Archives: October 2018

31 10, 2018

Facebook Scandals Galore, But They Still Make Money

By |2018-10-31T09:42:54+00:00October 31st, 2018|Facebook|0 Comments

Facebook reported sky-high profits today despite a number of rotating scandals related to data privacy, fake news, and faulty metrics. The social network reported earnings per share of $1.76, compared to a consensus estimate of $1.47 cited by CNBC. However, revenue was slightly lower than expected, topping off at $13.73 billion, compared to estimates of $13.78 billion.