Friday, 24 March, 2023

Facebook’s sales, users rise as pandemic habits continue

<p>Facebook Inc&rsquo;s first-quarter revenue rose 48% to $26.2 bn surpassing the $23.7 bn average estimate of analysts. The social network reported a 10% rise in MAU to 2.85 bn, higher than analysts&#39; projection of 2.83 bn. Facebook&#39;s user base and business haven&rsquo;t seen a slowdown despite people returning to more offline activities as the pandemic starts a slowdown in a major part of the world. The average price per ad rose 30% in Q1 from a year earlier.</p>