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February 7, 2020updated 30 Sep 2022 8:54am

Twitter and Google grow profits as Facebook slumps amid ‘fake news’ and privacy concerns

By Freddy Mayhew

Twitter has reported a rise in profits in 2019 while rival social network Facebook faced a rare fall in profits last year.

Twitter, the social media platform favoured by journalists, grew profits by a fifth to $1.46bn on revenues of £3.46bn for the year, new figures show.

Chief executive Jack Dorsey said it had been a “great year” for the US firm, which is focusing on providing a “more personalised experience” for users.

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