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The company said Wednesday that it posted a profit of $11.2 billion in the final three mon...

Facebook plans to reduce political content in the News Feed – CNN

The company said Wednesday that it posted a profit of $11.2 billion in the final three months of last year, an increase of more than 50% from the year prior. Facebook (FB)'s revenue rose 33% to roughly $28 billion during the quarter, showing the durability of its core advertising business despite the pandemic. On a conference call with analysts, CEO Mark Zuckerberg said Facebook is considering steps it can take to reduce the amount of political content in the News …

 

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