Facebook beats in Q3 with $4.7B profit, record share price despite Russia


Facebook is still in the middle of its House Intelligence Committee hearing about Russian election interference, but the looming concerns over misuse haven’t dampened its business as profits continue to soar and its share price hits an all-time high.

Still, CEO Mark Zuckerberg saw it fit to break from his traditional “Our business is doing well” script to add “But none of that matters if our services are used in ways that don’t bring people closer together. We’re serious about preventing abuse on our platforms. We’re investing so much in security that it will impact our profitability. Protecting our community is more important than maximizing our profits.”

But those changes haven’t hit Facebook’s profitability yet, as it climbed 79% year-over-year to $4.7…

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