ANL 23.80 Increased By ▲ 0.04 (0.17%)
ASC 16.40 Increased By ▲ 0.20 (1.23%)
ASL 22.65 Increased By ▲ 0.30 (1.34%)
BOP 8.38 Increased By ▲ 0.16 (1.95%)
BYCO 8.81 Decreased By ▼ -0.12 (-1.34%)
FCCL 18.47 Decreased By ▼ -0.04 (-0.22%)
FFBL 24.60 Decreased By ▼ -0.30 (-1.2%)
FFL 18.05 Increased By ▲ 0.12 (0.67%)
FNEL 8.54 Increased By ▲ 0.06 (0.71%)
GGGL 22.30 No Change ▼ 0.00 (0%)
GGL 43.95 Increased By ▲ 0.45 (1.03%)
HUMNL 7.17 Increased By ▲ 0.32 (4.67%)
JSCL 21.58 Increased By ▲ 1.44 (7.15%)
KAPCO 38.10 Increased By ▲ 0.08 (0.21%)
KEL 3.60 Increased By ▲ 0.03 (0.84%)
MDTL 3.07 No Change ▼ 0.00 (0%)
MLCF 36.48 Decreased By ▼ -0.62 (-1.67%)
NETSOL 157.75 Increased By ▲ 3.60 (2.34%)
PACE 6.01 Decreased By ▼ -0.13 (-2.12%)
PAEL 31.65 Increased By ▲ 0.25 (0.8%)
PIBTL 9.47 Increased By ▲ 0.09 (0.96%)
POWER 8.04 Decreased By ▼ -0.01 (-0.12%)
PRL 20.98 Decreased By ▼ -0.17 (-0.8%)
PTC 10.38 Decreased By ▼ -0.22 (-2.08%)
SILK 1.69 Increased By ▲ 0.15 (9.74%)
SNGP 43.75 Increased By ▲ 0.40 (0.92%)
TELE 22.70 Decreased By ▼ -0.53 (-2.28%)
TRG 175.91 Increased By ▲ 8.66 (5.18%)
UNITY 36.97 Increased By ▲ 2.25 (6.48%)
WTL 3.33 Increased By ▲ 0.21 (6.73%)
BR100 5,026 Increased By ▲ 52.36 (1.05%)
BR30 24,773 Increased By ▲ 557.21 (2.3%)
KSE100 46,920 Increased By ▲ 203.74 (0.44%)
KSE30 18,658 Increased By ▲ 98.44 (0.53%)

Coronavirus
VERY HIGH Source: covid.gov.pk
Pakistan Deaths
27,004
6624hr
Pakistan Cases
1,215,821
3,01224hr
5.3% positivity
Sindh
447,678
Punjab
418,196
Balochistan
32,671
Islamabad
103,549
KPK
169,972
Markets

Facebook quarterly profit rockets despite ad boycott

  • Shares in the Silicon Valley-based technology giant were up five percent in after-market.
31 Jul 2020

SAN FRANCISCO: Facebook reported Thursday that its quarterly profit had nearly doubled and users grew despite a boycott by advertisers.

The leading social network said it made $5.2 billion on $18.7 billion in revenue in the recently ended quarter, as the number of people using the platform monthly rose to 2.7 billion.

"We're glad to be able to provide small businesses the tools they need to grow and be successful online during these challenging times," said Facebook chief executive Mark Zuckerberg.

Shares in the Silicon Valley-based technology giant were up five percent in after-market trades following release of the earnings figures.

Comments

Comments are closed.