Sunday, June 26, 2022

Facebook Profit Surges Percent As Pandemic Fuels Use

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Facebook world’s leading social media app has seen its value and profit increase greatly from October – December 2020 when people had to stay home during the holiday period Facebook company report.
According to the company they got revenue of $28Billion and a profit of $11.2 Billion which marked a 33% rise and 53% in contrast to the situation during 2019.
Facebook Chief Executive Mark Zuckerberg made it clear that the previous year was a great year for them all as people made extensive use of their social media app.
Additionally to the company, they said that at present there are 2.8 Billion users during December while 3.3 Billion people made use of their other apps such as the Messenger, Instagram and WhatsApp.

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