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Facebook sales soar despite data scandal

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The firm reports a near 50% revenue rise and says it is taking a broader review of its responsibilities.
Facebook’s quarterly sales rose by nearly 50% in the social media giant’s first results since a privacy scandal over users’ data emerged.
The company said that revenues rose to $11.9bn in the first three months of the year, compared to $8bn previously.
Chief executive Mark Zuckerberg said: « Despite facing important challenges, our community and business are off to a strong start in 2018. »
He added that the firm is « taking a broader review of our responsibility ».
Facebook said that its advertising revenue rose to $11.7bn in the three months to the end of March, compared to $7.8bn in the same period a year ago.
First quarter profits also grew, reaching $4.9bn compared to $3bn last year.
In March, towards the end of Facebook’s reporting period, the company was caught up in a massive privacy scandal involving the political consultancy Cambridge Analytica,
Facebook admitted that the data of 87 million users had been improperly shared with the consultancy .
Commenting on the first quarter results, Mr Zuckerberg said: « We are taking a broader view of our responsibility and investing to make sure our services are used for good.
« But we also need to keep building new tools to help people connect, strengthen our communities, and bring the world closer together. »
Facebook said the average number of daily active users over March had risen to 1.45 billion, a 13% increase year-on-year.
The average number of monthly active users for March also rose by 13%, to 2.2 billion, and the number of staff saw a steep 48% increase to 27,742.

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