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Facebook smashes revenue estimates amid pandemic, forecasts ad growth

Updated : July 31, 2020 10:07 AM IST

Ad sales, which contribute nearly all of Facebook's revenue, rose 10 percent to USD 18.3 billion in the second quarter as people under lockdown spent more time online and businesses rapidly pivoted to e-commerce.
Monthly active users rose to 2.7 billion, ahead of estimates of 2.6 billion.
Facebook smashes revenue estimates amid pandemic, forecasts ad growth

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