Investors in the largest online social media platform, have a
ray of sunshine on a cloudy day as Facebook’s shares beat the
expectations and showcased more profit than expected in its quarterly
revenue growth.
Also, according to an analyst at Hargreaves
Lansdown, login trends have been improving in parts of Europe that were
otherwise showing no signs of activity.
Facebook’s shares rose
an estimated 12 percent to $168.20 after the closing bell. We can assume
that the Social Giant’s actions against the spread of fake news may
just be gaining users trusts after all.