Facebook still cashing in on your data as sales surge
26 April, 2018, 12:40 | Author: Rolando Keller
Facebook's first-quarter revenue, a major chunk of which comes from ads, jumped 49 per cent to $11.97 billion (U.S.), and profit climbed 63 per cent to almost $5 billion, according to a report released Wednesday, the first since news of the Cambridge Analytica scandal broke in March.
Overall, Facebook reported first quarter earnings of $11.96 billion, up from $8.03 billion past year; earnings per share (EPS) rose from $1.04 billion to $1.69 billion.
People keep flocking to Facebook and the social network keeps raking in money by selling them ads, privacy scandals or not.
Facebook's user figures indicate that the movement had little effect, with daily active users rising to 1.45bn (48 million more than the previous quarter) and monthly active users to 2.2bn.
Both daily active users (DAUs) and monthly active users (MAUs) saw an increase of 13 per cent year-over-year (y-o-y).
One of the allegations in the Cambridge Analytica scandal was that data from millions of Facebook users was used to help micro-target political ads to select groups meaning that only those most susceptible to the message would see the advertisements.
Sensex ends 165 points higher; Nifty settles at 10614
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That said, May will bring four different titles on both Xbox 360 and Xbox One and an opportunity to gain over 3k of gamerpoints. To gain access to Games with Gold , Xbox One or Xbox 360 owners must be an Xbox Live Gold subscriber and claim their games.
"In a nutshell, overall this should be another step in the right direction for Facebook after a month of navigating these unprecedented data concerns post the Cambridge debacle with the worries around regulatory headwinds and damage to the company's advertising fortress a lingering black cloud over the stock".
High-profile people in the tech world said they were leaving the social network, including Brian Acton, cofounder of Facebook-owned WhatsApp, and Steve Wozniak, co-founder of Apple.
Net income attributable to Facebook shareholders rose in the first quarter to $4.99 billion, or $1.69 per share, from $3.06 billion, or $1.04 per share, a year earlier. The government has also sought information about the entities working under CA along with the details of their directors. "We think that ads is a great business model that is aligned with our mission".
Sheryl Sandberg, Facebook's COO, played down concerns about the impact of the data crisis on the company's core advertising business.
The scandal, at least for now, hasn't resulted in any significant loss in users for the California-based social media giant.
The Cambridge Analytica scandal, which has sparked government investigations globally, was mentioned only once on an hour-long conference call between analysts and Facebook management, when one analyst asked Zuckerberg what he learned from testifying in USA congressional hearings.
Aside from some rather vague 'we need to do better' statements from CEO Mark Zuckerberg, the new advert is the closest the company's come to admitting that it has a serious image issue and that it has substantially strayed from its initial intentions.
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Hampered by a three-game suspension and a hamstring injury, Snead was limited to eight catches for 92 yards a year ago . Snead will likely appear on the depth chart as the second or third receiver for Baltimore.
NY skipper Aaron Boone made the pitching change and Gray exited the game to boos from the crowd after he went only 3 1/3 innings. They've accumulated 5.0 units for bettors taking the moneyline over the early part of the season and 4.8 units ATS.
Several of Hannity's properties were bought at a discount after their previous owners defaulted on their mortgages in 2013. Hannity's mortgages were replaced late last month with $22.9 million in loans that were rewritten with HUD and a new bank.
The stock of Wells Fargo & Company (NYSE: WFC ) earned "Buy" rating by Goldman Sachs on Thursday, January 4. The Chatham Capital Group Inc holds 32,302 shares with $1.96 million value, down from 38,052 last quarter.
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When Rahul says the Congress made the Constitution, he is continuing his family legacy of humiliating Bhimrao Ambedkar, Shah said. Even if you are against us, we will defend and support you", said Congress President Rahul Gandhi at the launch event.
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