Powered by Blogger.

About me

Contact Form

Name

Email *

Message *

Search This Blog

Blog Archive

Breaking News

Breaking News

Sunday, April 29, 2018

Facebook's richer than ever, despite data privacy scandals

  Mian Adeel Soomro       Sunday, April 29, 2018
TwitterFacebook

Facebook's Cambridge Analytica nightmare — in which a UK data firm allegedly leaked ill-gotten info about millions of Facebook users — may have rocked the company, but you wouldn't know it by looking at the company's bottom line. In fact, if you were solely looking at the company's latest earnings, you might actually think the scandal has helped Facebook.

The company posted earnings of $11.97 billion for the first quarter of 2018, beating Wall Street's expectations of $11.41 billion and proving that advertisers have not been deterred by the social network's spate of headline-making issues.

"Despite facing important challenges, our community and business are off to a strong start in 2018," CEO Mark Zuckerberg said in a prepared statement during the company's earnings call. Read more...

More about Tech, Facebook, Mark Zuckerberg, Social Media Companies, and Tech

from Mashable https://ift.tt/2vJxaNG
logoblog

Thanks for reading Facebook's richer than ever, despite data privacy scandals

Previous
« Prev Post

No comments:

Post a Comment