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tgenerico

(109 posts) Fri Oct 30, 2020, 10:17 AM Oct 2020

The Invisible Hand strikes again!

Facebook reports a decline in users in the U.S. and Canada (CNBC)

* Facebook stock remained relatively flat on Thursday after the company reported a decrease in users in the U.S. and Canada but moderate revenue growth in its third-quarter earnings.

* In the U.S. and Canada, Facebook’s user base fell to 196 million daily active users from 198 million a quarter earlier.

* The StopHateForProfit ad boycott did not seem to impact the company’s advertising revenue, which was up 22% compared to a year ago.

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