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India helps FB gain record profits through daily users
Updated On: 01 February, 2019 11:00 AM IST | San Francisco | Agencies
Despite facing intense scrutiny over data privacy, Facebook stock rose 12 per cent after it logged a record revenue of $16.91 billion in the fourth quarter that ended December 31

San Francisco: Despite facing intense scrutiny over data privacy, Facebook stock rose 12 per cent after it logged a record revenue of $16.91 billion in the fourth quarter that ended December 31.
The social media giant now has 2.32 billion monthly active users (MAUs) globally — an increase of 9 per cent (year-over-year) — and 1.52 billion daily active users (DAUs), thanks to the growth in emerging markets like India, the company said late Wednesday.
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