The Limited Times

Facebook ends year of pandemic with $ 11 billion in fourth quarter profit

1/27/2021, 10:10:37 PM


The social media giant has, in particular, taken advantage of the explosion of digital practices, in particular online commerce, during the pandemic.

Facebook collected more than $ 28 billion in revenue, mainly advertising, in the last quarter of 2020, and generated 11.22 billion in net profit, up 53% over one year, thanks to the explosion of digital practices, in particular the e-commerce, during the pandemic.

Read also: Australia is crossing swords with Google and Facebook

The social media giant has seen its user base grow again during the holiday season, but expects

"headwinds"

this year due to the strengthening of data privacy on Apple-branded devices. Its title went back and forth between red and green during electronic trading after the stock market closed.