Facebook continues to grow despite recent controversies

Facebook continues to grow despite ongoing controversies around its business and handling of user data privacy.

The social networking giant's latest quarterly financial results revealed the company's total revenue has increased by 42% on the same period last year.

Revenue was 13.2 billion dollars (£10bn) for the last three months, up from 9.3 billion on the same quarter of 2017.

This is despite Facebook having been caught up in the Cambridge Analytica data scandal and facing continuing questions about its policing of content on the platform and handling of fake news.

(Yui Mok/PA)
(Yui Mok/PA)

The vast majority of Facebook's revenue is generated from advertising - the company also announced that around 91% of that advertising revenue for the quarter came from ads on mobile versions of the site.

"Our community and business continue to grow quickly," Facebook founder and chief executive Mark Zuckerberg said of the results.

"We are committed to investing to keep people safe and secure, and to keep building meaningful new ways to help people connect."

Mr Zuckerberg has said the company is recruiting more staff to help improve its content review and safety programmes, and figures on staff also released by the firm appear to suggest that process is under way.

The company said its headcount as of the end of June was just over 30,000 - a 47% rise on this time last year.

The vast majority of Facebook's revenue is generated from advertising - the company also announced that around 91% of that advertising revenue for the quarter came from ads on mobile versions of the site.

The results also revealed that despite continued concerns over the site's handling of some content, more and more people continue to use it.

The number of daily active users has risen by 11% on this time last year to 1.47 billion, while the number of people accessing the site every month also rose 11% to 2.23 billion.

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