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This Article is From Jul 31, 2020

Facebook June Quarter Profit Nearly Doubles Despite Ad Boycott

Facebook June Quarter Profit Nearly Doubles Despite Ad Boycott
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Facebook reported on Thursday that its quarterly profit had nearly doubled and users grew despite a boycott by advertisers.

The leading social network said it made $5.2 billion on $18.7 billion in revenue in the recently ended quarter, as the number of people using the platform monthly rose to 2.7 billion.

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