Facebook promises political ad clean-up before United Kingdom local elections in 2019

Facebook Exceeds Expectations Q1 Earnings

Equity ETFsFacebook Exceeds Expectations Q1 Earnings By Amiya Moretta

The company's revenue was expected to be around $11.4 billion by Thomson Reuters consensus estimate, but it made $11.97 billion, and its Daily Active Users (DAUs) were 1.45 billion on average for March 2018.

The past couple of months have seen public calls for people to remove Facebook from their lives.

There is also "certainly potential for some impact" to Facebook's ad revenue, Wehner said.

Mr Schroepfer, who was appearing before the British media committee on Thursday, said it was clear Facebook had not done enough to ensure its tools from "potentially being used for harm" or take a broad enough view of its responsibility.

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The CTO said Facebook ads would be labelled as "political", and that all promotions would be available to be searched in an archive the social network will keep available for seven years.

The earnings results "should give the bulls finally something to hang their hat on after the company (and its investors) have just gone through the darkest chapter in Facebook's history", GHB Insights analyst Daniel Ives said in a research note.

The company also said it has approved a plan to boost its share buyback program by $9 billion.

In terms of how that might look in the future, Zuckerberg said, "You can click through or tap through to a message thread, and then you can either get customer support or complete a transaction or do a follow-on transaction".

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Additionally, Facebook now hires more staff than ever before. They rose 7.2 per cent on April 28, 2016, the day after another first-quarter earnings report.

On the call Wednesday, at least two analysts asked Facebook executives whether the time spent on the platform had changed because of the changes to the news feed. During his evidence session earlier this week, Kogan had declined to answer several questions about the NDA he had with Facebook. Since that time, the part of the revenue from mobile was growing.

Facebook as well as other companies that are data-reliant have gradually been introducing new privacy controls for some of their users on the lead up to the laws going into effect on May 25. It turns out that not only has its stock price risen after an earlier one-month slump after the disclosure, but - open-mouthed surprise emoji - but the company has posted an increase in users and a reputation-recovering 63% rise in profits.

Facebook's chief operating officer Sheryl Sandberg reiterated that a handful of advertisers had paused their spending but the company hadn't witnessed a major trend.

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".It is self-evident that apart from being very cryptic, the unstated intention was to hide more than reveal", the notice to Cambridge Analytica says.

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