eBargains's Feed: 2019/02/10 13:10:08

Facebook is so Dominant it Earned $5 Billion in China in 2018 - a Country Where It’s Banned

In what can only be further evidence of the global reach of Facebook, reports show that the social media platform earned $5 billion in revenue from China. Yet Facebook has been prohibited in China since 2009. Facebook’s Fifth Largest Market, Surprisingly, is China According to reporting by TheStreet and a research note from Pivotal, it’s estimated that Facebook made anywhere between $5 billion and $7 billion from Chinese advertisers. This figure is about 10% of Facebook’s 2018 revenue. Facebook’s 2018 filing confirms that revenue came from resellers “representing advertisers” based in China. Facebook apparently has an unofficial Chinese office, through

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