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Facebook India's revenue climbs to $1 billion amid digital shift in economy

Shortpedia

Content Team
Image Credit: Shortpedia

Amid a massive digital shift in the economy, the revenue of social media giant Facebook in India has surged to $1 billion. The firm's revenues during the year 2020-21 increased to $1.2 billion. Facebook India managing director Ajit Mohan said consumers, businesses and brands moved online and this led to "an increase in online marketing spends which has driven the growth of digital advertising in India".