Lifestyle

Mark Zuckerberg Is Making More Money Than Ever

It's as if Cambridge Analytica never happened.
IMAGE Getty
Comments

From the rise of ‘Fake News’ to the Cambridge Analytica scandal, it’s been a grizzly 12 months for Facebook and Mark Zuckerbergculminating in two congressional hearings and a mass, #DeleteFacebook-inspired exodus from the social media platform.

Which is why it comes as such a surprise that the under-fire company is making more money than ever.

Facebook revealed in its quarterly financial earnings that revenue has grown to 11.9 billion dollars for the first three months of 2018, a 49% increase on the same period last year.

The net incomes rose by three billion dollars to 4.9 billion for the quarter, fuelled by mobile advert revenue, which made up 91% of the total.

In the statement, Mark Zuckerberg acknowledged the challenges the company had faced in the press.

“Despite facing important challenges, our community and business are off to a strong start in 2018,” he said.

“We are taking a broader view of our responsibility and investing to make sure our services are used for good."

ADVERTISEMENT - CONTINUE READING BELOW

This story originally appeared on Esquire.co.uk.

* Minor edits have been made by the Esquiremag.ph editors.

Comments
Recommended Videos
About The Author
Nick Pope
View Other Articles From Nick
Comments
Latest Feed
 
Share
Manila Water will cut services to work on emergency repairs.
 
Share
'I wept a lot yesterday. I’ve been weeping today. I’m far from done crying, for Kobe and Gigi, the Black Mamba and his Mambacita.'
 
Share
Most of the items sold online come from China.
 
Share
Filipinos show outpouring of love for the basketball legend.
 
Share
 
Share
Celebrate Single Awareness Day with these hilariously named and absolutely delicious flavors.
 
Share
SM Supermalls currently has over 80 malls in the Philippines and China.
 
Share
With the bans lifted, residents can now return to their homes. But the damage is already done.
 
Share
Not even the richest man in the world is safe from a simple cyber attack.
 
Share
Even with his fly down, it's hard to get behind this fit.
Load More Articles
Connect With Us