Facebook profit slumps on set-aside for big US fine

phys.org | 1/31/2018 | Staff
kimberly163 (Posted by) Level 3
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Facebook on Wednesday reported quarterly profit sank 51 percent from a year earlier due to setting aside $3 billion for an anticipated fine from US regulators.

The social network logged a profit of $2.4 billion on revenue that climbed 26 percent to $14.9 billion in the first three months of this year.

Number - Users - Facebook - End - March

The number of monthly active users of Facebook at the end of March was 2.38 billion,...
(Excerpt) Read more at: phys.org
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