Wednesday, April 28, 2021

Facebook reports soaring quarterly ad revenue, stock jumps


Facebook’s stock is trading higher after the social media giant reported stronger-than-expected results for the first quarter thanks to soaring ad revenue. The company said Wednesday it earned $9.5 billion, or $3.30 per share, in the January-March period. That’s up 94% from $4.9 billion, or $1.71 per share, a year earlier. Revenue grew 48% to […]

source https://www.seattletimes.com/business/facebook-reports-soaring-quarterly-ad-revenue-stock-jumps/?utm_source=RSS&utm_medium=Referral&utm_campaign=RSS_technology

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