The world’s leading social platform Facebook is announcing double profits. According to the data of the second quarter, the company’s profit in the mentioned period amounted to 10.4 million US dollars. Information about this is spread by CNN.
According to the publication, the company said that Facebook’s revenue increased by 56% in the second quarter compared to the same period last year and reached 29.1 billion US dollars.
The publication writes that the remaining period of 2021 may not be as successful as the first half of 2021, the probable reason being the changes in the iPhone software, which is hurting the advertising business of Facebook.
The fact is that Apple’s new operating system iOS14 further restricts access to consumer data and makes it difficult to use them as a targeted advertising audience.
According to Facebook, the number of users of the social platform amounted to 2.9 billion in the last quarter, an increase of 7% compared to the same period last year.