Facebook profits rise amid Facebook Papers findings

Menlo Park: Amid fallout from the Facebook Papers documents supporting claims that the social network has valued financial success over user safety, Facebook on Monday reported higher profit for the latest quarter.

The company’s latest show of financial strength followed an avalanche of reports on the Facebook Papers — a vast trove of redacted internal documents obtained by a consortium of news organisations, including The Associated Press — as well as Facebook whistleblower Frances Haugen’s Monday testimony to British lawmakers.

Facebook said its net income grew 17 per cent in the July-September period to USD 9.19 billion, buoyed by strong advertising revenue.