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Facebook Doubles Second Quarter Profits But Predicts Slower Growth

2021-07-28T20:41:37.859Z

The Californian firm indicated that its growth would "slow down modestly" in the second half of the year, in particular because of Apple's new advertising rules.



Facebook doubled its net profit to $ 10.4 billion in the second quarter of 2021, with revenue of $ 29 billion, thanks to the high price of internet advertising during the economic recovery, the social media giant said on Wednesday. .

Read also: Apple and Facebook, from enmity to war

But the Californian firm also warned in its earnings release that its growth would

"slow down modestly"

in the second half of the year, in particular because of Apple's new advertising rules, and its title lost between 3 and 4% after the close of the stock market. of Wall Street.

Source: lefigaro

All business articles on 2021-07-28

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