Sorry, haters! Despite privacy scandal after privacy scandal, Facebook posted record profits last quarter.
As one Facebook employee recently put it, “Fuck ethics. Money is everything.” Revenue in Q4 hit $16.9 billion, up 30 percent from a year ago.
Facebook also gained users. Imagine Mark Zuckerberg climbing up this chart, standing atop the Q4 2018 column triumphantly, with what his friends assure him is a very human-like smile on his face.
Image: Facebook
Facebook saw strong growth in India, Indonesia, and the Philippines, where strongman President Rodrigo Duterte basically weaponized Facebook to propel himself to victory. Read more…
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