Facebook’s Profits Surge as Pandemic Fuels Use
Facebook’s profits surged in the final three months of last year as people enduring the holidays in a pandemic turned to the leading social network for work and pleasure, the company said Wednesday.Facebook reported a profit of $ 11.2 billion on revenue of $ 28 billion, increases of 53% and 33% when compared with the same period the prior year.“We had a strong end to the year as people and businesses continued to use our services during these challenging times,” Facebook Chief Executive Mark Zuckerberg said.Facebook said its core social …