Facebook, the distancing has done good for social

Facebook, the distancing has done good for social
In the end, the market proved Mark Zuckerberg right: Facebook's number one proved he could see far when when he talked about the Stop Hate for Profit campaign to boycott the advertising on the social network he said very calmly "will not last long ". This was the case and the financial results of the last quarterly report bear witness to this.

Facebook: business is growing, despite everything

Q2 2020 ended for the Menlo Park group with a sign positive: revenue of 18.69 billion dollars (up from 16.89 billion a year ago) and net profit of 5.18 billion (more than doubled from 2.17 billion). In detail, 18.32 billion came from the advertising business. These are the words of the CEO and founder, in recent days connected remotely with members of the US Congress to answer antitrust questions.

We are happy to be able to provide small businesses with the tools they need to grow and achieve success online during these challenging moments. And we are proud of how people can rely on our services to stay connected when they can't meet in person.

Facebook was driven by, among other things, the large-scale adoption of online tools to communicate from remote during the period of the health crisis. In short, social distancing has somehow done good for the social network.

The forecast of the company for the next period is the one that refers to a gradual return to normal : with the easing of the restrictive measures expected at the global level not just a health crisis will give you a bit of breathing space you will inevitably be less use of social media platforms.

Source: Facebook

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