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Facebook profits at all-time high this year despite facing many scandals

Facebook recorded a strong fourth quarter as profits climbed to $6.9bn (£5.3bn) – an all-time record – despite a year of scandals plaguing the social media giant.

The platform managed to boost its global user database and revenue shot up 30% from a year ago to $16.9bn (£12.9bn).

The number of monthly users on Facebook, which makes most of its money from online advertising, went up 9% to 2.3 billion, the firm said in its latest update.

Net profit was up 61% from the same period last year.

Shares in the tech giant jumped 11.5% to $167.67 (£127.80) in after-market trades following the release of the earnings.

Mark Zuckerberg, Facebook’s co-founder and chief executive, said the platform’s “community and business continues to grow”.

The update showed the social network had increased its user base in the US and in Europe, where the platform has faced challenges over data protection.

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