Facebook reported revenue of $17.74 billion in the first quarter of 2020, up 18% from the same period in 2019. But the effects of the coronavirus pandemic did not make their mark until the last three weeks of the quarter, and the outlook for the second quarter is murky, at best.
The company said in its earnings statement: “Our business has been impacted by the Covid-19 pandemic and, like all companies, we are facing a period of unprecedented uncertainty in our business outlook.
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