Article 41XVP Facebook growth slows as Zuckerberg says developed countries are saturated

Facebook growth slows as Zuckerberg says developed countries are saturated

by
Gabrielle Canon in San Francisco
from Technology | The Guardian on (#41XVP)

Company announces 33% revenue growth over last year as CEO reports more than 2bn daily users

Mark Zuckerberg admitted that Facebook "may be close to saturated in developed countries" as the social media giant posted a 33% increase in revenue.

Despite controversies including the Cambridge Analytica data privacy scandal, the quarterly results showed Facebook continuing to grow, although Zuckerberg cautioned that revenue could slow in the future.

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