jumped to $10.4 billion on revenue of $29 billion, a 56 percent increase from last year, mainly from a jump in ad revenues, Facebook said in its second quarter report.
However, Facebook shares slipped some four percent as the tech giant warned that growth was expected to slow due to regulatory actions and a tweak to the Apple iPhone operating software that could hurt its ad targeting. Apple began requiring apps to tell users of its mobile devices what tracking information they want to collect and get permission to do so.
Facebook won dismissal of a case brought in US federal court last year, but authorities are seeking to refile the case which could potentially lead to a breakup of the social media giant. "This quarter's Facebook results are extremely strong and show little sign of impact from Apple's iOS update as of yet," said eMarketer analyst Debra Aho Williamson.
Zuckerberg said on an earnings call that the social network is focusing on ramping up e-commerce and ways for creators to make money from online content, while investing in building an immersive digital world known as the"metaverse."
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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