Facebook Released Q3 Results, 17% Increase In Income

Facebook released Q3 results, a 17% increase in income. Facebook has released its financial results.

Facebook reported earnings 35 percent (on-year) of $29 billion in third-quarter revenue and $28.3 billion in ad revenue.

The social networking site reported a net income of $9.1 billion, up 17 percent from the same quarter last year. Facebook shares have gained 1.9 percent after third-quarter earnings.

The company, while announcing its third-quarter results, said about 2.8 billion people are using at least one of its apps on a daily basis, and 3.6 billion people at least on a monthly basis in September.

Amid intense scrutiny from governments around the world, particularly in Australia, CEO Mark Zuckerberg said, “We’ve made great progress this quarter and our community continues to grow.”

I’m especially excited to help build creators, commerce, and the metaverse with our roadmap.

Facebook’s daily active users reached 1.93 billion, up 6 percent, or 110 million, over the previous year, while monthly active users increased by 170 million, or 6 percent, over the previous year.

Facebook currently employs 68,177 people which is an increase of 20 percent year on year.

Facebook released Q3 results: 11,000 crore loan approved in 4 days for the recovery of the economy, you can also take these 5 types of loans.

Banks are running special loan campaigns these days to speed up the recovery of the economy. In just four days, banks have sanctioned loans worth Rs 11,168 crore.

Under this special loan campaign, 15 types of loans are being given. Among them are Home, Auto, Business, Agriculture, Personal, Consumer Durable, and Mudra loans.

This special loan drive has started on 16th October and will continue till 31st October.

All the banks are running special campaigns of loans on different days and districts according to their convenience.

In August this year, Finance Minister Nirmala Sitharaman had said that in order to accelerate the recovery pace of the economy, banks will again run a special campaign of loans for all sectors.

Especially retail, agriculture, and MSMEs, in October. Under him, this campaign has been started on 16 October.