It was “the fourth straight quarter that the social media giant has delivered sub-30 percent growth,” said Jesse Cohen, an analyst at Investing.com, a financial markets platform, though he added that the business was doing well. “We had a good quarter and a strong end to the year as our community and business continue to grow,” said Mark Zuckerberg, Facebook’s founder and chief executive. Its expenses rose to more than $12 billion in the fourth quarter, up 34 percent from a year earlier. The company also took a charge for settling a class-action lawsuit concerning its biometric data collection, agreeing to pay $550 million to the plaintiffs. Election security teams have ballooned at Facebook, which is spending billions of dollars on the effort.

Source: New York Times January 29, 2020 21:34 UTC