Facebook Chooses Policed Platform Over Profits

Here's What The Last 12 Months Looked Like For Facebook

Here's What The Last 12 Months Looked Like For Facebook

The company reported an EPS of $1.59, up 77 percent year over year, and beating analysts' estimates of $1.28.

Facebook Inc (FB) CEO Mark Zuckerberg said the company "is doing well, but none of that matters if our services are used in ways that don't bring people closer together".

Total costs and expenses climbed to $5.21 billion, as Facebook increased its spending on research and development as well as on marketing.

Zuckerberg also said that Instagram Stories and WhatsApp Status both now have 300 million daily active users - up from 250 million in June (Instagram) and July (WhatsApp).

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It was reported that Qualcomm also withheld the software needed to test the Apple device prototypes. Revenue fell 4.5% to US$5.91 billion, but came in ahead of analysts estimate of US$5.80 billion.

Facebook on Wednesday reported that profits leapt on booming revenue from online ads in the third quarter, topping investor forecasts and buoying shares already at record highs. "Protecting our community is more important than maximising our profits". This is due to the company's commitment to prevent abuse on its platform.

Zuckerberg opened today's incomes call with a highly worded guarantee to mark out making use of Facebook for undermining democracy in the U.S. On Russia's use of the social network throughout the 2016 election he stated, "exactly what they did is incorrect, and we are not going to stand for it". Analysts surveyed by FactSet had estimated $1.28 a share on revenue of $9.85 billion.

Facebook no longer report earnings on an adjusted or non-GAAP basis, while Wall Street's estimates are comparable only to adjusted results.

The world's number one social network along with Twitter and Google is under pressure from USA politicians over its role in the last presidential election.

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Astronomers have discovered a giant planet, before the existence of which was considered unrealistic. I'm looking forward to seeing what other kinds of exciting new planets we can turn up", he said.

In the third quarter of the current year, the company earned $10.1 billion, 49 percent more compared to the same period a year ago.

Facebook now has 2.07 billion monthly active users - an increase of 16 per cent year-over-year.

It's worth noting that more than 98 percent of Facebook's revenue comes from advertising, 88 percent of which is from mobile devices. Facebook's advertising policies, however, have been under constant fire over the past few months after the revelation of Russian sponsored ads to induce differences between Americans during the Presidential elections. "We're building AI to go after more different areas of harmful content and finding fake accounts and other bad actors in the system". The Senate Intelligence Committee has also questioned representatives from Google and Twitter.

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In every single competition, he's ready to play. "I wish him to score as many goals as Benzema with the French national team". He is tireless in midfield, covering more ground than any other Arsenal player in each of his last four starts.

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