Facebook is making money hand over fist despite warnings of impending doom due to new iOS privacy features Apple introduced in April. The social network raked in $28.6 billion in advertising revenue for the second quarter of 2021, up 56% from the same period last year. Advertising accounts for nearly all of the company's income, with total revenue coming in at $29.1 billion. Facebook more than doubled its profits from the previous year with a $10.4 billion performance, up from $5.2 billion in 2020. Still, the company is bracing investors for rough waters in the coming months. CFO David Wehner in a statement blames the headwinds on new privacy features Apple baked into its iOS operating system.