Facebook handily beat analysts' expectations on both the top and bottom line for its first quarter of 2018 - sending its stock jumping.
The social network's quarterly revenues grew 49% year-on-year to $11.9 billion, showing that advertisers seemed largely undeterred by the Cambridge Analytica scandal.
The results are some much-needed good news for the California company, which has been in damage control mode for weeks, fighting to contain the fallout from the Cambridge Analytica scandal and reassure users.
To read more about Facebook's latest quarter, click here.
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Facebook execs are shrugging off concerns about the EU's tough privacy law - but that could be a mistake. The EU's tough new data law, GDPR, comes into effect on May 25.
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Snapchat is going to start testing six-second nonskippable ads on shows in its Discover section, Digiday reports. The company is calling the format commercials.