Facebook Increases Profits Despite Scandals

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

Technology giant facebook announced that it is a profit of $9 billion in the third quarter of the year and increased its revenues despite the high profile claims of its former employees.

According to the statements made, the giant company earned $9 billion in net income in the three-month period ended Sept. profit of $1.2 billion more than the 7.8 billion it earned in the same period in 2020.

In addition, the company announced that it will focus more on Instagram’s Reels function in the coming days. Also, Metaverse recently announced that it will be hiring 10,000 workers for construction, the company has made statements stating that Metaverse will be the future of the company.

In the reports of 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, reactions to the company rapidly increased.

Claims against the company continue

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

Another whistleblower, who surfaced recently, also stated in an affidavit that the company tolerates hate speech and misinformation on its platforms and prioritizes making profits over them.

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