Facebook Profits Rise Amid Revelations From Leaked Documents

Barbara Ortutay, Kelvin Chan, Denver Post: Business
Mon, 10/25/2021 - 3:20pm

Amid fallout from the Facebook Papers documents supporting claims that the social network has valued financial success over user safety, Facebook on Monday reported higher profit for the latest quarter. The company’s latest show of financial strength followed an avalanche of reports on the Facebook Papers — a vast trove of redacted internal documents obtained by a consortium of news organizations, including The Associated Press — as well as Facebook whistleblower Frances Haugen’s Monday testimony to British lawmakers. Facebook said its net income grew 17% in the July-September period to $9.19 billion, buoyed by strong advertising revenue.

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Facebook Profits Rise Amid Revelations From Leaked Documents

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