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Key takeaways from Facebook’s earnings call: Ad revenues grow despite boycott, WhatsApp integration into messaging ecosystem imminent

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…

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