Facebook is so Dominant it Earned $5 Billion in China in 2018 – a Country Where It’s Banned

0
28

In what can only be further evidence of the global reach of Facebook, reports show that the social media platform earned $5 billion in revenue from China. Yet Facebook has been prohibited in China since 2009. Facebook’s Fifth Largest Market, Surprisingly, is China According to reporting by TheStreet and a research note from Pivotal, it’s estimated that Facebook made anywhere between $5 billion and $7 billion from Chinese advertisers. This figure is about 10% of Facebook’s 2018 revenue. Facebook’s 2018 filing confirms that revenue came from resellers “representing advertisers” based in China. Facebook apparently has an unofficial Chinese office, through

The post Facebook is so Dominant it Earned $5 Billion in China in 2018 – a Country Where It’s Banned appeared first on CCN

Continue reading Here