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Facebook shows revenue growth despite ad boycott and coronavirus pandemic – Source CNET Tech

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Facebook reported its third-quarter earnings on Thursday.


Angela Lang/CNET

Facebook’s third-quarter earnings and revenue beat Wall Street’s expectations even as advertisers boycotted the social network to put pressure on the company to do more to combat hate speech.

Major brands, including North Face, Verizon and Unilever, said they would pull advertising from Facebook. Civil rights groups called on businesses to pause spending on Facebook ads in July, the start of quarter, as part of a campaign called Stop Hate for Profit. Some businesses said they…

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Source CNET Tech

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