SAN FRANCISCO: Facebook today reported that its quarterly profit grew along with its user base as it grapples with concerns ranging from political ads to cryptocurrency. The leading social network said its profit topped US$6 billion on revenue that climbed 28% to US$17.4 billion in the quarter that ended on Sept 30. Meanwhile, the number of active monthly users increased eight percent from a year ago to 2.45 billion. “We had a good quarter and our community and business continue to grow,” said Facebook chief and co-founder Mark Zuckerberg. “Each of these operations created networks of accounts to mislead others about who they were and what they were doing,” Facebook cybersecurity chief Nathaniel Gleicher said in a statement.

Source: Libya Today October 30, 2019 22:52 UTC