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The Facebook juggernaut seems immune to scandal – is there any stopping it?

Mark Zuckerberg almost sounded embarrassed about it. On Wednesday night, after weeks of Facebook taking a thrashing from the press, politicians and the stock market, it turned out the Cambridge Analytica scandal had not been that bad after all.

“Despite facing important challenges, our community and business are off to a strong start in 2018,” was Mr Zuckerberg’s understated analysis of Facebook’s record first-quarter results.

“A strong start” is one way of putting it. Facebook reported a 63pc increase in profits to $5bn (£3.6bn), a faster growth rate than in the previous quarter. Revenues were up 49pc to $12bn, while user numbers – the metric that investors watch more closely than any other…

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