Facebook sales grow as users tick up; Zuckerberg defends political ads

By Elizabeth Culliford, Paresh Dave and Akanksha Rana (Reuters) - Facebook Inc reported an uptick in users in lucrative markets and its third-straight rise in quarterly sales growth on Wednesday, but the company's controversial political ads stole the limelight when CEO Mark Zuckerberg spoke to analysts. Shares rose about 4% after hours to $196.50. That put the shares on track to eclipse their record closing high of $194.32 in June 2018, just before a dramatic drop that summer amid escalating costs

The post Facebook sales grow as users tick up; Zuckerberg defends political ads appeared first on Firstpost.

from Firstpost https://ift.tt/2Pxqg6j
via IFTTT