Net profit for Facebook, which makes most of its money from online advertising, was up a strong 61% from the same period last year. The latest update showed Facebook increased its user base both in the United States and Europe, where the social network has faced challenges over data protection scandals. Looking to 'family'Facebook estimated that approximately 2.7 billion people use its "family" of services including Instagram, WhatsApp, Messenger, and its core social network. Visual social network Instagram has been a bright spot for Facebook, with use and revenue rising. More than 90 million small businesses use Facebook, according to the social network.

Source: Dhaka Tribune January 31, 2019 02:03 UTC