FACEBOOK MADE PROFITS DESPITE COVID-19 & AN AD BOYCOTT

Highlights

• Facebook reported net profit of $5.18 billion in this quarter, compared to $2.62 billion reported in the same quarter of 2019

• According to CFO David Wehner, top 100 advertisers of the company accounted for 16 percent of Facebook’s revenue

• In times of COVID-19, the number of people using Facebook have gone up to 2.7 billion per month

The social media giant company Fac....