Facebook’s endless PR crises don’t appear to be hurting its bottom line. The company posted a record $6.9 billion profit for the final three months of 2018 — a jump of 61% from the same period a year earlier and well ahead of Wall Street estimates. Facebook’s revenue for the quarter rose 30% to $16.9 billion, according to its latest earnings report released Wednesday. Its user numbers remain impressive as well. Facebook (FB) now has 1.52 billion people who use the social network every single day, and 2.32 billion who use it every month, both of which are up 9% from the year prior. The broader Facebook audience is even more staggering. Facebook estimates that 2.7 billion people now use Instagram, WhatsApp, Messenger or Facebook itself each month. Two billion people use at least one of these services every day. Just as importantly, Facebook actually added daily users in Europe and North America, two closely watched and lucrative markets that had previously been stagnant or occasionally declined. The strong results cap off a brutal year for Facebook. The company earned the ire of users and regulators on both sides of the Atlantic for a growing list of privacy issues, including… Read full this story
- More than HALF of Americans don't trust Facebook with their sensitive data in wake of privacy scandals, poll finds
- How Faulty IT System Changed Lives of Indian-origin Post Office Managers Hit by Stealing Scandal in UK
- Why Facebook’s Privacy Scandal Might Be Good for Us All
- Tencent posts record $2.7B profit as mobile game revenue tops PC for first time
- Volkswagen brand to post record profit on SUVs, cost cuts: executive
- Facebook, Google Fight Back Against User Privacy Law in India
- Meghan Linsey Reveals Sexual Assault, Slams Trump in Facebook Post
- Mystery over missing couple deepens after creepy Facebook posts
- CBP leader decries 'deplorable' Facebook posts, as probe launched
- Southwest flight attendant allegedly profiled Trump supporter in Facebook post; airline investigating
Facebook posts record $6.9 billion profit despite privacy scandals have 330 words, post on english.vietnamnet.vn at January 31, 2019. This is cached page on Talk Vietnam. If you want remove this page, please contact us.