Facebook Inc. posted record revenue in the third quarter as strong digital-ad spending outweighed a high-profile ad boycott, data-gathering restrictions and continued fallout from the coronavirus pandemic.

Revenue jumped 22% to $21.47 billion in the three months through September, Facebook said Thursday. The company projects that revenue will grow even faster during the fourth quarter, as the holiday season bolsters ad spending.

Looking…

This post first appeared on wsj.com

You May Also Like

Former schoolboy chess prodigy used AI to open door to finding cures for illnesses

As DeepMind, the British artificial intelligence (AI) firm owned by Google, claims to…

Delivery Apps Offer Restaurants a Lifeline—at a Cost

Miami chef Richard Hales was sitting on his couch two weeks ago,…

His Drivers Unionized—Then Amazon Tried to Terminate His Contract

It was just after New Year’s when Jonathon Ervin began to feel…

Dropbox to Cut 16% of Workforce

Share Listen (1 min) This post first appeared on wsj.com