Facebook Revenue Shows Higher Income, Higher Profits, and More Daily Users – .

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Facebook Revenue Shows Higher Income, Higher Profits, and More Daily Users – .


div>Facebook revealed financial figures on Monday that showed the social media giant is making more money than ever, although its critics have never been louder.

The company released its third-quarter results after markets closed on Monday, revealing that its revenue rose 35% in the three months to the end of September. Its profit has increased by 17% and the company has even seen an unexpected increase in the number of people who use its services every day.

“We made good progress this quarter and our community continues to grow,” said Founder and CEO Mark Zuckerberg.

Shares rose about 2% in aftermarket trading on earnings.

The company’s profits come at the start of what is expected to be a tumultuous week for Facebook.

A company whistleblower appears before EU lawmakers detailing the company’s complicity in spreading disinformation online because it is good for their bottom line.

WATCH | A former insider denounces Facebook’s business practices:

Whistleblower sheds light on Facebook’s future | Conversation panel

A Facebook whistleblower this week addressed scathing criticism of the company, calling it morally bankrupt for putting profit above the safety of users, including children. The conversation panel discusses what the testimonial means for the future of the company and its users. 14:36

The company has been under siege since Frances Haugen a month ago made public the role of her former employer in the January 6 riot on the United States Capitol in an attempt to overthrow the government.

Facebook said Haugen “misinterpreted” what the company does and how it does it. Since then, the company has been in damage control mode, culminating in a plan due to be unveiled Thursday this week to reorganize, rename and rename under a new emphasis on ‘metaverse’.

div>WATCH | Tech reporter claims Facebook is about to make a massive rebranding:

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