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Facebook: Privacy scandals take toll on profits


Facebook: Privacy scandals take toll on profits

January 31, 2020 at 9:16 AM

Facebook has recorded its first annual fall in profits in at least five years, as its efforts to respond to privacy and content concerns took a toll on the firm's bottom line.

The tech giant, which owns Instagram and WhatsApp, said profits sank 16% in 2019 to $18.4bn (£14.1bn).

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