Company sees almost $12bn in revenue, up nearly 50% from last year and beating analyst estimates as Zuckerberg hails ‘strong start’

Facebook’s data privacy problems have had little impact on its profitability as the company posted record revenues for the first quarter of 2018.

The company made $11.97bn in revenue in the first three months of the year, up 49% from the previous year, beating Wall Street estimates of $11.41bn.

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