Facebook stock soars on strong earnings report

Facebook’s privacy scandals aren’t hurting its bottom line. Investors sent the social-network giant’s stock soaring Wednesday on better-than-expected fourth-quarter earnings results. Revenue rose 30 percent to $16.9 billion, blowing past analysts’ expectations of $16.4 billion. Net income jumped 61 percent to $6.9 billion, eclipsing expectations of $6.4 billion. Facebook also eased investors’ concerns that users...

from Technology News & Reviews | New York Post https://nyp.st/2MGHFWO