Facebook Reports Net Income of $4.27 Billion in Q4 2017
Last Wednesday, when reporting Facebook’s fourth quarter and year-end 2017 financials, CEO Mark Zuckerberg said 2017 was a strong year for Facebook (NASDAQ: FB), but admitted the company experienced plenty of challenges too. Financially speaking, the social media platform is on solid ground, reporting revenue of nearly $13.0 million, a 47 percent increase over 2016 revenue of $8.8 million. Advertising revenue represented the majority of revenue at $12.8 million. The company also reported net income of $4.3 million, of $1.44 diluted earnings per share, a 20 percent increase over 2016.
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