Facebook reported solid third-quarter results Wednesday
lauded the company’s financial performance before launching into an impassioned monologue about principles and free speech during a conference call with analysts. The call began less than an hour after Twitter CEOannounced that his company is banning all political ads from its platform, a challenge to Facebook, which has so far stood by its much-criticized decision not to fact check such ads.
Though grappling with big societal issues and regulators breathing down its neck, Facebook continued to grow profit and sales in the double digits during the quarter. Facebook said that it earned $6.09 billion, or $2.12 per share, in the July-September period, up 19% from $5.14 billion, or $1.76 per share, in the same period a year earlier.
Facebook ended the quarter with 2.45 billion monthly users, up 8% from a year earlier. It also said that about 2.8 billion people use at least one of its services -- Facebook, Messenger, WhatsApp or Instagram -- at least once a month.
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