Business
Facebook is still having a tough time earning a quid in Australia
Facebook’s Australian arm saw revenue grow by $110 million to $1.46 billion in 2024, but its greedy parent company gobbled up all of that additional revenue in service charges according to regulatory filings. The 20-year-old social media is barely profitable in Australia, just getting by on margins similar to the restaurant industry, at 3.2%, according… Read more »
