Inside Facebook’s Efforts to Increase Its Revenue
Facebook (FB) delivered revenue of ~$13.7 billion in the third quarter, which missed the consensus expectation of $13.78 billion by 0.3%. Facebook’s third-quarter revenue growth was sluggish compared to its second-quarter growth of 41.9% and its first-quarter revenue growth of 49%, probably due to concerns over its data leak issues. Facebook has been aggressively investing in new businesses in 2019, a move that’s expected to drive its revenue.