Facebook posts $13 billion in revenue in 2017 Q4
Facebook has posted a revenue of $12.97 billion for the fourth quarter of 2017, up by 47% from last quarter. Facebook also posted $4.3 billion profit, up from $3.6 billion for the same period last year. Further, the company said the changes in News Feed reduced the time spent on the platform by around 50 million hours per day.