Facebook managed to post record revenues in spite of the significant criticism it has faced all over the world, including in the form of ad boycotts in its home country. Revenue was up 22% through the quarter ended September 30, 2020 at $21.47 billion, while net income increased 29% to $7.85 billion year-over-year. The company also announced that it is considering integrating WhatsApp into the messaging ecosystem of Messenger and Instagram, although this isn't the first time he's made this claim. However, the company is facing a "significant amount of uncertainty" in 2021, said CFO Face Wehmer. This is largely due to the growing calls for regulations of internet platforms. Another concern for the company is the looming threat of severed transatlantic data-transfers due to the European Union's moves to ensure data privacy of its citizens. While daily and monthly active users grew globally, the figures fell in the US and Canada. This was expected, the company said, attributing it to an initial abnormal surge due to the COVID-19 pandemic. The company expects users to drop even further next quarter. Ad revenue grows in spite of boycott, backlash Facebook's ad revenue figures for the quarter come amid a challenging time for the company. The quarter had begun with calls for a boycott of the company due to an alleged failure to control hate speech during the Black Lives Matter. Even Disney, one of the largest advertisers on the platform, had cut its ad spending on Facebook. Facebook had reacted by deciding…
