How does facebook earns money?

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So thats it., I am one of the explorers out there, and i wanna know how social media giant facebook earns money? Can someone tell me?

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    About eighty five percent comes from advertising and marketing. Facebook’s most effective asset is the private statistics they’ve got amassed on us. And to continue to grow, facebook wanted to convince us to be extra open and related so he can then sell our personal information at a higher charge to advertisers. The answer is they are selling our data to advertisers. The more you use facebook, the more  your data sells.

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