Facebook Sees Rise In Revenue Despite Scandals


Facebook said monthly active users in the first quarter rose to 2.2 billion, up 13 percent from a year earlier.

As for the rest of the numbers, the tech giant reported a net income of $4.98 billion, with non-GAAP earnings of $1.69 per share on revenue of $11.96 billion, up 49 precent from previous year.

At this point in time, about 115 million Indonesians are Facebook users and it is worth noting that much pressure is being exerted on the firm to offer an explanation regarding how personal data got harvested by the political consultancy Cambridge Analytica via a personality quiz.

Facebook CEO Mark Zuckerberg recently testified at two Congressional hearings at which he fielded lawmakers' questions about the company's continued stumbles with data privacy and how it meant to prevent future disasters. "We are taking a broader view of our responsibility - to not only give people powerful tools but to make sure these tools are used for good".

It has been almost two years since Facebook shares rose 7 percent or more during a trading day.

Zuckerberg told USA congressmen earlier this month: "If a developer who people gave their information to, in this case Aleksandr Kogan, then goes and in violation of his agreement with us, sells the information to Cambridge Analytica, that's a big issue".

She said Facebook had only heard from "a handful of advertisers" who paused their spending in the wake of the scandal, one of whom has since returned.

In its fresh notice to Cambridge Analytica now, the government has asked that what kind of data was collected in India and the research instruments it had used to capture such data. Facebook will be staffing up this year to review potentially damaging content more quickly and better understand possible security threats.

The US government has approved a new course of North Korea
A day before Kim's announcement, satellite images showed "unusual activity" involving a dozen mining carts, it said Wednesday. The summit, the first of its kind since 2007, will kick off an hour later in the border village of Panmunjom.

Kogan developed a survey application and partnered with Facebook for users to voluntarily participate in.

If users weren't deterred by data privacy concerns, neither were advertisers.

The dialogue between Zuckerberg and committee members was centered around clarifying what many users may or may not know about the terms of agreement signed when creating a Facebook account. 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. Political interest in privacy issues dragged Mr Zuckerberg to Capitol Hill for two days of testimony this month, but without a sense of what new rules might ensue, it will be hard to guide investors on costs.

Facebook still holds a dominant position in mobile advertising, alongside Alphabet Inc.'s Google.

So much for the campaign to Delete Facebook.

"I don't believe they actually think these things because I think they realise that their platform has been mined left and right by thousands of others", said the Russian-American scientist, who is now banned from Facebook.

Facebook in January announced that it was tweaking its news feed algorithm to put an emphasis on posts from friends and family, at the expense of viral news and video.

"Advertising and protecting people's information are not at odds", Chief Operating Officer Sheryl Sandberg told analysts on Wednesday.