• Revision ID 67808 REVISION
  • 2018-04-26 11:42:45
  • by Angela Long (talk | contribs)
  • Note: 185 m in US/Can
 
   
Title Title
Facebook's profit keeps growing despite data scandal Facebook's profit keeps growing despite data scandal
Summary Summary
Recent exposure of data misuse and harvesting seems to have little impact on financial results of the social giant  Recent exposure of data misuse and harvesting seems to have little impact on financial results of the social giant
Highlights Highlights
Content Content
<strong>Facebook reported a <a href="https://www.reuters.com/article/us-facebook-results/facebook-quarterly-profit-revenue-beat-estimates-idUSKBN1HW2TD">63 percent rise in income</a> for the first quarter of 2018, despite its tarnished reputation over data misuse involving Cambridge Analytica. </strong> <strong>Facebook reported a <a href="https://www.reuters.com/article/us-facebook-results/facebook-quarterly-profit-revenue-beat-estimates-idUSKBN1HW2TD">63 percent rise in income</a> for the first quarter of 2018, despite its tarnished reputation over data misuse involving Cambridge Analytica. </strong>
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The social media giant released its <a href="https://s21.q4cdn.com/399680738/files/doc_financials/2018/Q1/Q1-2018-Press-Release.pdf">quarterly report</a> on April 25. Its number of daily active users in the United States and Canada increased to 2.2 billion, 13 percent higher than the first three months in 2017.  The social media giant released its <a href="https://s21.q4cdn.com/399680738/files/doc_financials/2018/Q1/Q1-2018-Press-Release.pdf">quarterly report</a> on April 25. Its number of daily active users increased to 2.2 billion, 13 percent higher than the first three months in 2017. Daily users in the United States and Canada were 185 million,<a href="https://www.ft.com/content/50eaff86-48b6-11e8-8ae9-4b5ddcca99b3"> recovering after a dip</a> in the final quarter of 2017. (<em>Financial Times</em>)
There's also a 49 percent rise in its revenue from the previous year. Facebook made $11.96 billion (£9.8bn) in the first quarter of 2018, compared with $8.03 billion (£6.6bn) for the first quarter of 2017. There's also a 49 percent rise in its revenue from the previous year. Facebook made $11.96 billion (£9.8bn) in the first quarter of 2018, compared with $8.03 billion (£6.6bn) for the first quarter of 2017.
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The <a href="https://www.wikitribune.com/story/2018/04/06/internet/facebook-and-the-privacy-dilemma/58573/">Cambridge Analytica scandal</a>, which affected up to 87 million users, prompted widespread demands for more regulation and for users to delete their Facebook accounts. Chief executive Mark Zuckerberg appeared before two U.S. Congress committees to explain the company's actions (read WikiTribune reports <a href="https://www.wikitribune.com/story/2018/04/09/technology/facebook-will-contact-users-about-data-mine-before-zuckerberg-addresses-congress/62451/">here.</a>) The <a href="https://www.wikitribune.com/story/2018/04/06/internet/facebook-and-the-privacy-dilemma/58573/">Cambridge Analytica scandal</a>, which affected up to 87 million users, prompted widespread demands for more regulation and for users to delete their Facebook accounts. Chief executive Mark Zuckerberg appeared before two U.S. Congress committees to explain the company's actions (read WikiTribune reports <a href="https://www.wikitribune.com/story/2018/04/09/technology/facebook-will-contact-users-about-data-mine-before-zuckerberg-addresses-congress/62451/">here.</a>)
Categories Categories
Internet Internet
Article type Article type
emerging emerging
Tags Tags
Big Data, Cambridge Analytica, Facebook Big Data, Cambridge Analytica, Facebook
Author byline Author byline
No No
Has hero Has hero
No No
Hero Alignment Hero Alignment
full full
Hero Image URL Hero Image URL
None None
Featured Image URL Featured Image URL
https://s3-eu-west-1.amazonaws.com/wikitribune-uploads-master/2017/09/pexels-photo-267399.jpeg https://s3-eu-west-1.amazonaws.com/wikitribune-uploads-master/2017/09/pexels-photo-267399.jpeg
Sources Sources

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