by Leigh Jones
Posted 4/26/18, 11:02 am
Facebook shrugged off the cloud of Russian election interference Wednesday with the release of its first quarter profits. Revenue soared 49 percent to $12 billion, while profit jumped 63 percent, to $5 billion. The world’s most popular social media platform also increased its user reach, boosting by 13 percent the number of people who checked the site at least once a day. In 2017, Facebook brought in $39.94 billion, about 17 percent of total online ad spending, according to data firm eMarketer.