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
About The Author
Nick Pope
View Other Articles From Nick
Comments
Latest Feed
 
Share
Suddenly, retro is trendy, vintage is the new new, and using secondhand items is cool.
 
Share
Chino MNL is relaxing its rules but sticking to its Mexi-Japanese style.
 
Share
And companies that don’t provide a flexible workplace policy risk losing top talents.
 
Share
As a firebrand, Del Pilar operated with blasphemous humor to wage war on the friars.
 
Share
There are a lot more benefits to waking up early than you’d expect.
 
Share
Because it's always the right time for donuts. Even during a marathon.
 
Share
Warner Bros. has not been in touch, and he's not happy about it.
 
Share
With his follow-up to Get Out, Peele is proving he's becoming our generation's great horror auteur.
 
Share
M Dining + Bar M’s sommelier Gigi Varua shares her list of the best wines available in the Philippines today.
Load More Articles
Connect With Us