Facebook has faced barbs since it was revealed that it leaked the private information of almost 90 million users without their permission to Cambridge Analytica, a political research firm affiliated with Donald Trump's 2016 presidential campaign.
The Cambridge Analytica data privacy scandal came to light late in the first quarter, and we will only see the impact it had on Facebook's business until next quarter. Facebook had a strong earnings report Wednesday, raking in almost $12 billion in revenue. His firm holds about 73,000 shares in Facebook.
On Wednesday, Facebookreported a net income of $4.99 billion for the first quarter of 2018, an increase of 63 percent compared to the same period past year.
The company also managed to increase its user numbers, reporting an average of 1.45 billion daily active users worldwide.
The results sent Facebook's shares up more than 7 percent in aftermarket trading on Wednesday, reflecting Wall Street's willingness to shrug off the company's privacy issues as long as the money keeps flowing in.
Facebook generates the majority of its revenue from advertisers.
It is spending to ensure users are not scared away by scandals. It said expenses this year will grow between 50 percent and 60 percent, up from a prior range of 45 percent to 60 percent.
Facebook's CEO has said he doesn't expect the typical user to read the company's terms and conditions. The category includes efforts to root out fake accounts, scrub hate speech and take down violent videos.
Mobile represented approximately 91 per cent of Facebook's overall revenue for the first quarter of 2018 - up from approximately 85 per cent in the first quarter of 2017. "We're continuing to treat the product to emphasize that kind of content more while building more of these social features", said Zuckerberg, according to a Seeking Alpha transcript.
At least eight brokerages raised their price targets on Facebook stock, while one cut its price on the stock. Now, when the report on the 1st financial quarter earnings is published, it became more obvious. Daily users are also up, to 1.45 billion.
Total revenue was $11.97 billion, above the analyst estimate of $11.41 billion.
As Facebook experiences a decline in passive video viewing on its platform, the company's still-fledgling Watch tab could be in line for an upside.
Tighter regulation could make Facebook's ads less lucrative by reducing the kinds of data it can use to personalize and target ads to users, although Facebook's size means it could also be well positioned to cope with regulations.
Facebook has a new ad reminding you it's the reason the platform has gone downhill, not you.
Facebook's staff headcount was 27,742 as of 31 March - a year-on-year increase of 48 per cent.
James hit a buzzer-beater to end Indiana's late run and give the Cavaliers a 3-2 series lead in the Eastern Conference . The Oklahoma City Thunder erased a 25 point deficit in their thrilling 107-99 home win in game five on Friday night.
The Giants own two third-round picks - No. 66 and No. 69 overall - and it's unclear if Canty will be on stage to announce both. For months and months on end all the talking heads have been discussing which quarterbacks will go where on Thursday's draft.
It was revived from 1993 to 1999. "Then I looked in the magic book and sure enough, three is one of the magic numbers". Born in Arkansas, Dorough was able to make a living as a pianist and composer from the time he moved to NY in 1949.
Another addition to the Instagram Stories is the automatic suggestion of places around you when you're using the location sticker. In a new update, which is currently rolling out in phases, Instagram now lets you upload images and videos in bulk on Stories .
As per the original schedule for the West Bengal Panchayat Elections, the polling was to happen in three phases on May 1, 2 and 5. As per the latest SEC notification, last date of filing was 23 April and 28 April for withdrawal.
More recently, it was reported that Tarantino was working with series producer JJ Abrams on a new Star Trek movie. Paramount announced at CinemaCon that they're in the midst of developing two different Star Trek films.
Eight investment analysts have rated the stock with a sell rating and five have given a hold rating to the company's stock. The stock of Antofagasta plc (LON:ANTO) has "Sector Performer" rating given on Wednesday, April 25 by RBC Capital Markets.
"Some people can make the difference between moments of unhappiness and global satisfaction for what I brought to the club". The trio missed the weekend win over the Hammers with minor problems but all trained on Wednesday.
Takeda's pursuit has given a lift to Shire's stock, which closed up more than 3% in London trading on Tuesday. The stock of Shire plc (LON: SHP ) has "Buy" rating given on Tuesday, September 27 by Citigroup.
To make matters worse, PETA didn't seem to have a lot invested in the case , since Slater pointed out they mixed up the monkeys. The photographer self-published a book including the image in 2015 - which PETA says was a violation of the monkey's copyright.
So far, Washington has issued licenses covering a period that would allow about one-third of the Airbus deliveries to go ahead. Western allies can not let nationalistic impulses take over and "undermine the liberal order we set after World War II".
Apple-certified screen repairs are performed by trusted experts who use genuine Apple parts. From Settings , tap the General tab and Software Update respectively to unlock the update .
Guentzel scores four goals as Penguins eliminate Flyers
Penguins forward Carter Rowney cross-checked Travis Konecny and roughed him up on the ice while the officials just watched. The Flyers could look to Nolan Patrick, the No. 2 overall pick of the 2017 draft, to play a more pivotal role next season.
Dimitrov fends off match points as Nadal cruises through
Nadal is going for his 11th Barcelona title this week and the top seed looked ominously comfortable against Carballes Baena. There's no love lost between Rafael Nadal and his uncle Toni despite the two ending their coaching partnership past year .
Dez Bryant wants 'big one-year deal'
Sources told ESPN he wants a one-year deal to parlay into a larger contract after next season. Baltimore wanted him because could only afford to fit a multi-year deal under their cap.
Amazon starts delivering packages to vehicle boots
To look up your vehicle or ZIP code to determine whether you're eligible for in-car delivery, visit the Amazon Key webpage . The package will then be kept inside the boot of the vehicle and locked by the delivery agent.
Harry, Meghan honour Anzac dead in London
A little less than a month before her royal wedding to Britain's Prince Harry , Meghan Markle has said "I do" - on television. Meghan Markle and Prince Harry attended an Anzac Day Dawn Service in London today.