Facebook smashes revenue estimates amid pandemic, forecasts ad growth

Facebook smashes revenue estimates amid pandemic, forecasts ad growth
Facebook smashes revenue estimates amid pandemic, forecasts ad growth Ad sales, which contribute nearly all of Facebook#39;s revenue, rose 10 percent to $18.3 billion in the second quarter as people under lockdown spent more time online and businesses rapidly pivoted to e-commerce. Monthly active users rose to 2.7 billion, ahead of estimates of 2.6 billion.