NEW YORK — Facebook reports earnings and revenue handily surpassed Wall Street expectations for the final quarter of 2018 despite heavy spending on safety and security. The social network has been plagued by privacy scandals and the threat of regulation. That, however, hasn’t stopped it from increasing profits and its user base. It now has 2.32 billion monthly users, up 9 per cent from a year earlier, also inching past analyst expectations.

Source: thestar January 30, 2019 23:15 UTC