Facebook sets aside $3 billion in expectation of FTC fine, user numbers continue to grow TechSpot

Facebook has set aside $3 billion in anticipation of the FTC fine, meaning its net profit was 85 cents per share. Without the legal expense, profit would have been $5.43 billion, or $1.89 a share. Revenue was at $15.08 billion, while average revenue per user hit $6.42, up 16 percent compared to last year, beating analysts’ expectations.





from TechSpot http://bit.ly/2GJWUwV