Facebook is making money hand over fist despite warnings of impending doom due to new iOS privacy features Apple introduced in April.The social network raked in $28.6 billion in advertising revenue for the second quarter of 2021, up 56% from the same period last year. Advertising accounts for nearly all of the company’s income, with total revenue coming in at $29.1 billion.Facebook more than doubled its profits from the previous year with a $10.4 billion performance, up from $5.2 billion in 2020. Read more…
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