/ 27 October 2021

Mo money, mo problems for Facebook

Image source: Unsplash
Image source: Unsplash

It may be facing a series of damning revelations following a big leak of documents by whistleblower/former employee Frances Haugen, but the tech titan is still making a motza. Thanks to solid ad revenue, Facebook beat analysts’ expectations after posting a $12.3 billion profit for the July to September quarter. Founder Mark Zuckerberg took the opportunity presented by the investor call to respond to allegations that Facebook puts profits before user safety, calling recent coverage “a coordinated effort to selectively use leaked documents to paint a false picture of our company”. Next up: Zuckerberg says Facebook is “retooling” to make Facebook cool again to reengage young adults. Groovy…

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