Facebook in 2018 earned almost $ 12 billion, 5 of which are the company’s net profit. Total revenue increased by 49%, and profit by 63% compared to the previous year. Not only the facebook finance showed growth, but the active audience of users also increased.
Twitter also showed an increase in profits and active users, but less than Facebook. In the first quarter of this year, Tweeter received $61 million profit. This is the second consecutive quarter when the social network makes a profit. Recall that before that the tweeter did not work out to be a plus.
Social networks earn more and more, that even outsiders come to a decent profit. This means only that – advertising on these sites brings business to customers and people begin to understand it! Do you use advertising on social networks or are you still limiting your business to success?