CNN: Facebook stock jumps 7% as pandemic helps make its audience even bigger

CNN: Facebook stock jumps 7% as pandemic helps make its audience even bigger. “Facebook (FB) said Thursday that it had 2.7 billion monthly active users at the end of the June quarter, a 12% increase from the prior year. When factoring in all of Facebook’s various apps, including Instagram and WhatsApp, the company topped 3 billion users for the first time. With more eyeballs, Facebook also saw revenue grow 11% to nearly $18.7 billion for the second quarter, even as the broader economy contracted.”

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