Facebook active users jump in Q1 as coronavirus crisis widens, sees ‘signs of stability’ in ad market

Facebook (FB) on Wednesday reported quarterly advertising revenue that spiked 17% year over year and a jump active users, a reflection of the platform’s growing clout as the coronavirus crisis plunges the world into a deep recession and prolonged period of uncertainty. The platform’s strong quarter comes as CEO Mark Zuckerberg is said to have reasserted more direct operational control over the company he founded. For most of last year, Facebook…