Just minutes before Facebook announced its third quarterly figures this afternoon, Twitter dropped a microphone at its feet: CEO Jack Dorsey made the surprising announcement that his social network will ban political ads from November to "focus our efforts on the core issues, without the extra burden and complexity costs money. "
Facebook, on the other hand, has steadfastly maintained its controversial policy of allowing political ads without checking facts – in other words, accepting money in exchange for increasing the reach of potential lies.
The controversy overshadows quite a bit of Facebook from the past three months. It again recorded better-than-expected revenue, with advertising revenue and net revenue that exceeded Wall Street's expectations with a $ 6 billion profit on $ 17.7 billion revenue. More importantly for Facebook's long-term growth, the social network is getting bigger.
In the past quarter, the daily number of active Facebook users grew by 9 percent to 1.62 billion. The monthly active user account grew by 8 percent to 2.45 billion. Facebook says that the number of people using a product in its & # 39; family of services & # 39; including WhatsApp and Instagram is now 2.2 billion. Every month that figure jumps to 2.8 billion.
The development of …