Facebook Reaches $12 Billion in Q1, Beats Expectation

Facebook has announced that its Q1 revenue of 2018 is $11.97 billion.  The company has gained 50% in ad revenue growth in comparison to the previous year's first quarter, of which, 91% is from mobile. The company has also posted growth in key metrics like monthly active user rose 13% to 2.2 billion.

Owing to the decline in usages and engagement in last quarter of 2017 and the recent data misuse scandal, the Wall Street has estimated a low earning for the company this year. With its Q1 revenue out, the company has allayed the fears of nervous investors.

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