This is due to the advertising in Instagram.
Social network Instagram has brought the company Facebook Inc. $ 20 billion a year, reports the Chronicle.info with reference to the Correspondent.
It is reported that the same amount Facebook received revenue from advertising on the social network for 2019. It is also noted that this is more than a quarter of all profits of the company over the past year.
In the publication emphasize that Facebook doesn’t register profit from Instagram as a separate line in the income statements.
The publication writes that in a Facebook comment on the subject refused.