Facebook finished 2020 much stronger financially than at the beginning of the year, proving its business could weather the coronavirus pandemic and even thrive thanks to sky-rocketing screen time these past 12 months.
The company reported fourth quarter earnings on Wednesday of more than $28 billion in revenue with profit of $11.2 billion, a respective 31 percent and 53 percent year-over-year increase. As far as usage goes, Facebook is up all around, with more than 1.84 billion people using its main social network at least once a day in December 2020, an 11 percent year-over-year increase. As of December 31st, 2020, more than 2.8 billion people check Facebook at least once a month, a 12 percent jump from last year.
When measuring usage…
