Oct 26, 2021
Facebook earns $9bn despite whistleblower scandal
Facebook has posted better-than-expected earnings for the third quarter, as it continues to face bad press over leaked internal documents. Frances Haugen has released a cache of internal documents to the press, alleging that Facebook put profit before user safety. Multiple media reports say the documents show Facebook routinely failed to moderate content that promoted hate speech and sex trafficking outside of the US.On Monday, Facebook chief executive Mark Zuckerburg told investors on a conference call: "What we are seeing is a coordinated effort to selectively use leaked documents to paint a false picture of our company." At a hearing on Monday, Ms Haugen told UK MPs that Facebook is "Unquestionably making hate worse". The MPs are considering what new rules to impose on big social networks under the planned Online Safety Bill.Despite the allegations, shares in Facebook climbed by 1.3% in after hours trading on Monday.
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