Facebook's profit soared 33% in Q4, says 2021 remains uncertain

Facebook's profit soared 33% in Q4, says 2021 remains uncertain
Facebook's profit soared 33% in Q4, says 2021 remains uncertain

Facebook on Thursday reported revenue of $ 28.07 billion in the October-December quarter (Q4), a 33% increase from the same period a year earlier. Despite beating analysts' estimates, the world's largest social media company said 2021 was uncertain as it expected to "face significant advertising targeting heads". Facebook said it hoped it would soon implement Apple's iOS 14 updates to reduce its revenue.

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