Facebook revenue jumps as U.S. privacy penalty looms

Facebook Inc beat analysts’ estimates for quarterly revenue on Wednesday, aided by growth in its Instagram business and a surge in advertising spending by companies while also warning it could face up to $5 billion in losses related to an official U.S. privacy investigation.

JEFFREY LIPTON in BARBADOS – http://feeds.reuters.com/~r/reuters/businessNews/~3/-7_lNdI30bE/facebook-revenue-jumps-as-u-s-privacy-penalty-looms-idUSKCN1S02N6