Facebook profits take a hit after series of scandals
Facebook has seen growth in its net income slow to just 7% year-on-year for 2019 reaching just $7.3bn, compared to double-digit growth of 61% in the year prior, as expenses ballooned 51% to $46bn as it tried to overcome a series of privacy issues.
30 Jan 2020 ... Facebook has seen growth in its net income slow to just 7% year-on-year for 2019 reaching just $7.3bn, compared to double-digit growth of ...