Comment on Facebook Beats Wall Street Q1 Estimates, Reveals $3B Hit From FTC Probe

Facebook Beats Wall Street Q1 Estimates, Reveals $3B Hit From FTC Probe

Facebook reported strong first-quarter results, with solid growth in users and revenue, though the company said it has incurred a loss of between $3 billion-$5 billion from a federal probe into its data use practices. Total revenue rose 26% to $15.077 billion, ahead of Wall Street analysts’ consensus forecast. Earnings per share dropped 50% from […]

 

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