MarketWatch First Take: Facebook appears to be bulletproof after stellar earnings report

Facebook Inc. appears to be bulletproof to the controversies that have swirled around it.

The social network reported blowout first-quarter earnings Wednesday, with total revenue growing 49% to nearly $12 billion and net income of $4.9 billion. Even as a mature company facing public backlash, Facebook FB, +0.00% managed to increase its revenue growth, an astounding feat.

It remains utterly bonkers that Facebook’s revenue growth can re-accelerate:

2Q 2017 44.8%

3Q 47.3%

4Q: 47.3%

1Q 18: 49%

— Shira Ovide (@ShiraOvide) April 25, 2018

Beyond finances, it does not appear that the #DeleteFacebook campaign started by some users after the Cambridge Analytica scandal had much of an impact.

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