Facebook earns a 27% less but continues to grow in users and revenue

The social network Facebook, the most used in the world, announced on Wednesday a profit of 11.136 million dollars between January and September 2019, which represents 27% less than in the same period of last year, a result hampered by the penalties and the pressure of the regulators.This was, in fact, the main element that tarnished the accounts of Facebook during the last few months, as despite the fall in profits the company has entered more money than last year, and continued to grow in number of users all over the world.Thus, in the first nine months of 2019, signing Menlo Park (California) billed 49.615 million of dollars, substantially above the 38.924 million for the same period during 2018.In parallel, its shareholders pocketed 3,87 dollars per title, in front of the 5,20 for the first three quarters of last year.However, between January and September the company that runs Mark Zuckerberg had to pay 8.636 million of dollars in penalties, mostly in the U.S., more than triple that 2.475 million that was enacted in the same period of 2018.The largest of these fines came in July, when the Federal Trade Commission (FTC, for its acronym in English) passed with 5,000 million dollars to Facebook -the largest imposed ever a technology company in that country-, for bad management in the privacy of the data of the users.Far from disappearing, everything points to this pressure by regulators will undermine the other hand good running of the company on a financial level, because several agencies of the US have open investigations against the firm for alleged practices contrary to the antitrust laws.Despite all this, the company continues to grow in users, daily active and monthly active (that is to say, those people who connect to the social network daily or at least once a month, respectively), especially in regions as Africa and southeast asia.#According to the own company, 1.620 million people tuned in on average each day to any of the property of Facebook (WhatsApp, Instagram, Messenger, or your own social network), and 2.450 million did so at least once a month, accounting for almost a third of the world’s population.advertising remains the main source of incomes for Facebook, and, within this, 94% comes from your applications for mobile devices.”We had a good quarter, and our community and business continue to grow. Now we are centered in the progresar in large social issues and create new experiences that will improve the lives of people all over the world,” said ceo and co-founder of Facebook, Mark Zuckerberg, at present the accounts.On the same day in which Facebook presented its results, one of its main rivals in the sector of social networks, Twitter, won headlines by announcing a surprise that will no longer allow political ads, paid in their platform, which includes electoral campaigns of candidates such as those concerning controversial issues politically.Beyond what it means for Twitter, the decision was being read in large measure as an action of clear with regard to Facebook, which has been involved recently in a new controversy over its decision to allow political ads, paid content that is demonstrably false.The ceo of Twitter, Jack Dorsey, made a veiled reference to the controversy by indicating that it would not be credible on their part to say “We are working hard for the people do not spread false information, but if someone pays us to let’s force the people to see his political announcement… well, then they can say what they want.”The results of the social network were well received on Wall Street, and their actions went up a 5,72% until the 199,16 dollars per title in electronic trading after the close of trading floors new yorkers.
20MINUTOS.IS – Technology

Facebook earns a 27% less but continues to grow in users and revenue
Source: english  
October 30, 2019


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