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TechInnovation – Facebook warns of ‘headwinds’ to its ad business from regulators and Apple (TechCrunch)

Taylor Hatmaker writes: Facebook posted its second quarter earnings Wednesday, beating expectations with $29 billion in revenue. The world’s biggest social media company was expected to report $27.8 billion in revenue for the quarter, a 50% increase from the same period in 2020. Facebook reported earnings per share of $3.61, which also bested expectations. The company’s revenue was $18.6 billion in the same quarter of last year.

go to TechCrunch: Facebook warns of ‘headwinds’ to its ad business from regulators and Apple | TechCrunch