Fb doubles revenue however braces for hit from Apple privateness modifications

Facebook doubles profit but braces for hit from Apple privacy changes


New York
CNN Business
—  

Facebook’s business is soaring, but the boom times may not last.

Facebook

a href=”https://money.cnn.com/quote/quote.html?symb=FB&source=story_quote_link” >
(FB) on Wednesday
a href=”https://investor.fb.com/investor-news/press-release-details/2021/Facebook

a href=”https://money.cnn.com/quote/quote.html?symb=FB&source=story_quote_link” >
(FB)-Reports-Second-Quarter-2021-Results/default.aspx” target=”_blank”>reported revenue of nearly $29.1 billion for the three months ended June 30, a 56% jump from the same period last year when online advertising took a hit as businesses grappled with Covid-19. The company also more than doubled its quarterly profit to almost $10.4 billion, well above the $8.7 billion analysts projected.

However, the outlook for the…