Facebook posts record profit despite year of scandal
by Julia Carrie Wong in San Francisco from Technology | The Guardian on (#484BC)
Fourth-quarter results beat expectations for earnings and revenue as profit hits $6.88bn, up from $4.27bn a year before
Facebook closed the book on its scandal-plagued year on Wednesday, with strong fourth-quarter financial results that beat analyst expectations for earnings and revenue.
The results highlighted how divorced Facebook's business success is from its public reputation, which suffered another blow on Wednesday when Apple punished the app maker for violating its rules with a program that paid users as young as 13 to install an app that surveilled them.
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