Facebook Increases Profits Despite Scandals

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Facebook made a $9 billion profit in the third quarter. Giant company Facebook announced that it increased its earnings in the third quarter of the year and made a profit of $ 9 billion, despite the scandals recently brought up by former employees.

Technology giant Facebook announced that it made a profit of $ 9 billion in the third quarter of the year and increased its earnings, despite the striking claims from its former employees.

According to the statements made, the giant company made a net income of $ 9 billion in the three-month period ending on September 31, making a profit of $ 1.2 billion more than the 7.8 billion it earned in the same period in 2020.

In addition to these, the company stated that it will focus more on the Reels feature of Instagram in the coming days. Also, recently metaverse Announced that it will hire 10,000 employees for its construction, the company made statements stating that Metaverse will be the future of the company.

In the reports published by the Wall Street Journal, a former employee of the company made striking claims about Facebook. The whistleblower, Frances Haugen, stated that Facebook harms democracy and Instagram contributes to mental and emotional problems in young girls. After these allegations, the reactions towards the company increased rapidly.

Claims against the company continue

Haugen, a former data scientist, appeared before the authorities recently and made statements about the company. In his statements, Haugen stated that Facebook is very good at ‘ dancing with data ‘. He also said that research by the firm itself has shown that Instagram is more dangerous to teens than other social media platforms.

Another whistleblower, who emerged recently, also stated in a sworn statement that the company tolerates hate speech and disinformation on its platforms and prioritizes making profits above them.