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Facebook, Google's huge profits buoy Wall St, bring backlash in Washington

Policymakers worry that Silicon Valley has become too dominant, too invasive and too out-of-control

Facebook is on track to earn US$38.6 billion this year - a 43.6 per cent jump from 2016, according to the research firm eMarketer. By the end of the year, it says, Facebook and Google together will account for 49 per cent of all digital advertising on Earth.


HOURS after Facebook appeared before a Senate panel on Wednesday to account for the company's role in the spread of Russian misinformation on its platform, chief executive Mark Zuckerberg got on a conference call with investors to celebrate a milestone: for the first time in...

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