Facebook’s Gains Show User Growth Still Possible in the U.S.
- Social network’s shares climb as quarterly sales reach record
- Company has faced concerns about political ads policy, privacy
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Facebook Inc. delivered better-than-projected third-quarter sales and steady user growth, proving that its business can endure increasing regulatory scrutiny and criticism over its immense reach and influence.
The social-media giant’s monthly global user base grew by 35 million -- including 3 million new users in the lucrative North American market, which had looked like it reached a plateau in recent years. Facebook added as many new users in the U.S. and Canada last quarter as it did the previous five quarters combined.