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Facebook announced Wednesday the decline in its net profit in the second quarter compared to the same period in 2018.
The company said its profits for the second quarter of this year amounted to $ 2.62 billion, or $ 0.91 per share, versus $ 5.11 billion, or $ 1.74 per share. , for the same period last year.
Analysts were forecasting earnings per US company of $ 1.88 in the second quarter.
At the same time, Facebook 's revenues grew 27.7 percent a year in the second quarter to $ 16.89 billion from $ 13.23 billion in the same period last year.
The US Federal Trade Commission announced Wednesday that it would inflict a record $ 5 billion fine on social networking giant Facebook, according to the British newspaper "Mirror".
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