Facebook: How much of a problem is personal finance guru Martin Lewis' planned libel action with results due?
The MoneySavingExpert founder is unhappy over fake ads bearing his likeness and name
A knockout judgement against Facebook coming from a libel suit planned by personal finance guru Martin Lewis, the founder of MoneySavingExpert? It would barely register as a financial hit.
In 2017 – characterised as a ‘hard year’ for the social network – it generated $12.8bn (£9.2bn) in revenues, up 49 per cent, and turned a net profit of $4.3bn on that.
Its growth might be slowing, users might be spending less time on it, but the financial train is still rolling along the tracks. The company looks set to gobble up close to a fifth of the enormous digital ad market this year.
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