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Facebook’s Ad Business Drives Surge in Revenue, Following Google’s Act – The Wall Street Journal

Facebook Inc. posted a sharp increase in quarterly revenue and profit as it benefited from a wave of digital ad spending but said it expects growth to slow later this year from factors including Apple Inc.s new ad-targeting rules.
The social-media giant said Wednesday its first-quarter earnings report reflects the past years trend of people spending more time and money online and advertisers redirecting their resources to take advantage of that shift. The parent of Facebook, Instagram and WhatsApp…

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