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‘Facebook Papers’ hit as platform reports billions in profit

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AFP

San Francisco (AFP) – Facebook announced over $9 billion in quarterly profits on Monday, hours after a US news collective published a deluge of withering reports arguing the company prioritizes its growth over people’s safety. The social media giant has been battling a fresh crisis since former employee Frances Haugen leaked reams of internal studies showing executives knew of their sites’ potential for harm, prompting a renewed US push for regulation. Facebook released results showing its profit in the recently-ended quarter grew to $9.2 billion — a 17 percent increase — and its ranks of us…

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