Bloomberg Technology
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Facebook 2Q Sales Top Estimates, Shares Surge
Posted
July 30, 2020
Views
1,411
Likes
21
Comments
1
Engagement
1.56%
July 30, 2020
1,411
21
1
1.56%
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3:22Now PlayingJul.30 -- Facebook Inc.’s second-quarter sales topped analysts’ highest estimates, rebounding from a pandemic-fueled disruption to digital advertising earlier in the year. The social media company’s shares surged in late trading. Revenue was up 11% and the social network had 2.7 billion monthly active users. David Kirkpatrick, Techonomy founder, appears on "What'd You Miss?"
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