In The Billions: Just How Profitable Is Facebook? – Lifestyle Asia


Source: citymilanonews.com citymilanonews.com

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According to a recent report, despite a revenue drop, the social media giant is still making billions of dollars. In a recent report by Bloomberg, Mark Zuckerberg has “attempted to present Meta Platforms Inc., formerly known as Facebook, as an underdog.” According to the article, Zuckerberg has painted a picture of “a company in crisis.” READ ALSO: Stay Cautious: Facebook Has Rebranded To Meta–What Does This Mean? The story states that Facebook’s revenue growth accelerated dramatically during the global COVID-19 pandemic with users spending more time online. The Bloomberg articl further states that in the second quarter of 2019, the...