Facebook's Stock Seesaws as Investors Parse a Mixed Earnings Report
Facebook's Stock Seesaws as Investors Parse a Mixed Earnings Report
Facebook loses more users in Europe as its growth continues to cool
31 October, 2018, 21:08
Facebook's revenue in the quarter rose 33% from the same quarter a year ago to $13.73 billion, missing Wall Street forecasts by $40 million. It dove sharply during Mr. Zuckerberg's remarks and then bounced higher just as quickly.
Monthly active users averaged 2.27 billion, an increase of 10 percent year-over-year although analysts excepted 2.29 billion.
Facebook announced the results as it strives to fend off concerns about how well it protects the data of users and defends against use of the site to spread misinformation aimed at swaying elections. Is Facebook killing us?
Facebook CEO Mark Zuckerberg's goal to monetise WhatsApp has forced the social media messaging service's co-founders to leave the company.
Future revenue growth depends on Facebook's ability to shift marketers' interest to new ads in messaging services, and marketing spots embedded in a popular way of sharing called "stories", especially on Instagram.
After that, he said "I know that we need to make sure our costs and revenue are better matched over time". "We will never be ideal, but I'm proud of the work we've been doing here".
Facebook is also seeing a rapid rise in viewing videos, which also generate less ad money per minute than news feeds.
Facebook earlier this year warned that revenue growth rates would decline in the third and fourth quarters.
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That dynamic was on display in Facebook's earnings report Tuesday, when the social network reported a slight revenue miss but stronger than expected profit for the July-September period.
In recent months, Facebook disclosed further misinformation campaigns by Russia, Iran, and domestic actors.
The war room at the company's Menlo Park headquarters in California is part of stepped up security that will include doubling the security team to 20,000 employees.
Mr Zuckerberg said that Facebook's problem is that users are gravitating toward features such as direct messaging and video viewing faster than it can find ways to place ads there while attracting clicks and not annoying users. "We will see all the good and bad humanity can do".
"Young users are deleting the app and all users are taking breaks from Facebook", said Natasha Lamb, managing partner at Arjuna Capital.
Facebook head of cybersecurity Nathaniel Gleicher details the company's efforts to ensure that public debate on the platform is authentic.
"This is a journey that's going to take years, not quarters", Wehner said in the call with investors. The social network has pledged to hire tens of thousands more people to monitor content on its platform, and said on Tuesday it planned to spend $US18 billion to $US20 billion in operating expenses next year.
Zuckerberg said Facebook is up against sophisticated adversaries who continue to evolve.
The "Irreplaceable" singer revealed one of her greatest musical inspirations with her Halloween costume for 2018: Toni Braxton . In 2017, Beyonce paid homage to another pivotal figure in music, that being Lil' Kim .
The kiwi is New Zealand's native bird, but the fact it can not fly means its young have been affected by predators in the wild. The confident teenager then turned to Prince Harry and said: "I finish uni in two years, I'd love to come and work for you".
Dimitrov had 13 aces in a 7-6 (10), 6-4 win against Roberto Bautista Agut and Nishikori beat Adrian Mannarino of France 7-5, 6-4. And he has admitted he isn't sure whether or not he will be fit in time to feature at the ATP Tour Finals in London in November.
With Jacobs' contract with HBO expiring with the end of the fight, he likely is headed to new sports streaming service DAZN . That means unified and lineal champion Alvarez for what would be a mega fight in one of boxing's most lucrative divisions.
Bibi's case is also high on the agenda of religious hardliners in Pakistan, many of whom are fiercely opposed to her release. Ms Bibi admitted arguing with the women, but always maintained she said nothing blasphemous and was innocent of the charges.
And she also alleged that her close pal Rah Ali "really beat Cardi's ass". "Rah beat you so bad that I was mad at Rah", she said. In response, Madden tweeted at Minaj, stating that she couldn't "turn down an offer that was never made".
Ironically, West recently revealed he'd donated $73,000 to Amara Enyia , a Democratic candidate for mayor of Chicago. The event was organised by conservative group Turning Point USA , for whom Owens acts as director of communications.
Prosecutors said the 41-year-old's motive was to impress colleagues by trying to resuscitate the same patients he had attacked. The death toll may be even higher than now assumed, because some victims - ages between 34 and 96 - were cremated.
The exchange took place whilst the couple were visiting the Maori people of Te Papaiouru Marae in the Ohinemutu area of Rotorua. On Monday, the couple will travel to Abel Tasman National Park for a series of engagements about conservation.
Tesla and Musk have been under scrutiny since Musk on Twitter floated a proposal to take Tesla private. Tesla finally hit its Model 3 production target in June of this year, about six months late.
Tyler Perry Says He's Ready To 'Kill Off' Madea
He has said she was based on his own mother, as well as Eddie Murphy's performance in " Nutty Professor II: The Klumps ". According to reports, Madea has appeared in dozens of films grossing more than $500 million internationally.
Rashid Spins England To T20 Win
The first test will be all the more crucial as Sri Lanka will be looking to a winning send-off to their legend, Rangana Hearth. Bairstow is a good player of spin and his presence in the middle-order will be missed, if he does get ruled out.
India rout West Indies by 224 runs in Mumbai ODI
Rohit notched up his 21st ODI century, which was his 9th ODI century in India and 5th in the year 2018. With the win, India also took a 2-1 lead in the five-match series with one match drawn previously.
Karius agent rubbishes talk of early Liverpool return
Furthermore, the club are unhappy at the way the German is being scapegoated for Besiktas' poor run of form. The sole goal Karius conceded against Rizespor on Monday meanwhile was an own goal - the third this season.
UAE Launches First Locally Made Satellite into Space
The satellite is one of the most technologically advanced remote-sensing observation satellites, with five registered patents. The country aims to send its first two astronauts to the International Space Station in 2019.
Australia beat Pakistan to clinch Women's T20 series
Zampa was the last man to fall as Hasan Ali (2-14) wrapped things up, sending Australia home with their tails between their legs. There weren't too many boundaries between them, but they ran hard and for nearly ten overs, they ensured Australia toiled.
Trump Plans Big Change to Citizenship Rules
Congressional leaders and those involved in the midterms were not briefed on any plan before Trump announced it, GOP aides said. Most people in the group are moving on foot, and as a result means they won't arrive at the border for at least several weeks.