The social network giant has been unhindered so far, despite new constraints and criticism.
Facebook Inc. is still adding users and exceeding analysts’ estimates for advertising sales, showing that the size and power of its social network have so far been unhindered by new regulatory constraints and criticism of its business model.
Facebook has been embroiled in constant crisis over leaks of users’ data, the spread of violent or false content on its apps, and scrutiny of its power to influence public discourse. That hasn’t deterred advertisers, who have flocked to Facebook’s sites for the broad reach and precise targeting they offer.
The financial results came in hours after the announcement of a $5-billion settlement with the FTC -- a deal that doesn’t require the company to alter how it collects data or uses personal information for targeting advertising. Facebook said it set aside $2 billion in the recent period to cover the remainder of that settlement, after allocating $3 billion in the previous quarter.
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