Facebook profit climbs along with user base

Facebook on Wednesday reported that its quarterly profit grew along with its user base as it grapples with concerns ranging from political ads to cryptocurrency.

The leading social network said its profit topped $6 billion on revenue that climbed 28 percent to $17.4 billion in the quarter that ended on September 30.

Meanwhile, the number of active monthly users increased eight percent from a year ago to 2.45 billion.

"We had a good quarter and our community and business continue to grow," said Facebook chief and co-founder Mark Zuckerberg.

"We are focused on making progress on major social issues and building new experiences that improve people's lives around the world."
"Yes, Facebook has a lot of challenges it must deal with, but increasing its revenue and user count isn't one of them."
"We're constantly working to detect and stop this type of activity because we don't want our services to be used to manipulate people."
A letter from employees urged the company to crack down on "civic misinformation," saying the spread of debunked claims is a "threat to what FB stands for."