Facebook reports slowest quarterly growth since going public
by Julia Carrie Wong in San Francisco and agencies from Technology | The Guardian on (#52VKY)
Company earns $4.9bn as it faces slowdown in digital advertising market amid coronavirus
Facebook reported its slowest quarterly growth as a public company, pressured by a global slowdown in the digital advertising market due to the coronavirus pandemic.
Like other tech companies, the social network is feeling the squeeze from the global pandemic, but its results still beat analyst expectations. Revenue rose 18% to $17.74bn, sending stocks surging more than 7% in after-hours trading.
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