Facebook Tricked Kids and Parents for Video Game Purchases

Facebook had revenue and profitability problems up until 2016. They had raised many billions of dollars in funding and went public in 2012 with a valuation of about $100 billion. Facebook had many years of problems solving the problem of generating a lot of money from advertising. Facebook needed all the income and revenue that they could get. They targeted children playing video games to make unauthorized in-game purchases for many millions of dollars. from 2011-2015. This chart shows that net income was very low for a company with a $50-100 billion valuation up until about 2015. Facebook Net Income

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