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The king of social media expects slowdowns in the second half of the year and the regulatory unknowns increase. But it invests billions in its “next chapter”
by Marco Valsania
Digital advertising revenue swells Facebook’s accounts: in the second quarter, the group led by Mark Zuckerberg doubled its profits to 10.39 billion dollars while revenues rose 56% to 29.08 billion. A performance that clearly beat expectations, following the example of other Big Tech brands that preceded it in reporting the financial statements, Apple, Alphabet and Microsoft, in turn benefiting from the continuous rush in the demand for technological services and products. …
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