- General
- July 27, 2020
- 3 minutes read
Brief: Facebook Delays Q2 Results
Facebook CEO Mark Zuckerberg. Photo credit: Anthony Quintano on Flickr, under Creative Commons license Facebook has delayed the release of…
Facebook CEO Mark Zuckerberg. Photo credit: Anthony Quintano on Flickr, under Creative Commons license
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Facebook has delayed the release of its financial results for the second quarter of this year to the 30th of July in order to give space for its CEO, Mark Zuckerberg, to appear for a scheduled Congressional hearing. Zuckerberg is set to testify alongside the CEOs of Apple, Alphabet, and Amazon before the U.S. House Judiciary Committee, which is probing the tech giants for possible anti-competitive practices. The hearing was earlier proposed for the 27th of July but later pushed forward by two days.
In the first quarter of this year, Facebook reported $17.4 billion in revenue, up 17% year-over-year.
Correction: A correction was made to clarify that the Congressional hearing was pushed forward by two days, rather than a previously stated three.