Revenue rises to $17.7 billion, beating expectations, as number of daily active users jumps 11%
By Jeff Horwitz
PHOTO: HOLLIE ADAMS/BLOOMBERG NEWS
With so many people locked inside their residences, Facebook has seen an increase in social media users. Since so many people are logging in and advertisers are return to the social media giant, Facebook, to buy ad space and stay in touch with the consumer.
Last March, Facebook reported a steep decline in ad sales but later reported this month of April that there was a 10% gain.
With this gain, Mr. Zuckerburg, Facebook Chief Executive, said the company intended to add "at least" 10,000 new positions in engineering and product-development.
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