(Reuters) - Facebook Inc
Monthly active users rose 8% to 2.41 billion in the second quarter, in line with estimates of 2.41 billion, according to IBES data from Refinitiv. Total revenue rose to $16.9 billion, beating analysts' average estimate of $16.51 billion.
Facebook will pay a record-breaking $5 billion fine to resolve a government probe into its privacy practices and will restructure its approach to privacy, the Federal Trade Commission said earlier on Wednesday.
(Reporting by Akanksha Rana in Bengaluru and Paresh Dave in San Francisco; Editing by Sriraj Kalluvila)
This story has not been edited by Firstpost staff and is generated by auto-feed.
Updated Date: Jul 25, 2019 02:08:31 IST