Fb doubles revenue however braces for hit from Apple privateness modifications

New York
CNN Business
—  

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

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(FB) on Wednesday
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(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…

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