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Facebookrevenuesoars 30%

Jan 31, 2019 - The San Francisco Chronicle
Financial Results

Even as it faced new revelations of invasive privacy practices, Facebook reported $16.9 billion in revenue for the fourth quarter of 2018 on Wednesday, a 30 percent increase over the same period last year, beating analysts' expectations.

The strong financial performance, which sent shares up 12 percent in after-hours trading, came a day after an investigation revealed that the company had circumvented Apple's policies to track users' web usage.

TechCrunch reported Tuesday that Facebo...