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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.