Science

What Russia problem? Facebook smashes earnings forecasts

What Russia problem? Facebook smashes earnings forecasts

The pledge came on Tuesday from a top company official as he appeared before a United States congressional panel that is looking into alleged Russian interference in the 2016 American presidential election and the role of online platforms, Bloomberg reports.

A 3D-printed Facebook like button is seen in front of the Facebook logo, in this illustration taken October 25, 2017. Wall Street had been looking for GAAP earnings of $1.27 per share on $9.85 billion in revenue.

Facebook stock, which closed at an all-time high of $182.66 a share, ticked up another 2% in after hours trading Wednesday.

Facebook Inc (NASDAQ:FB) 3Q17 earnings were released after closing bell tonight, and the company reported earnings of $1.59 per share on $10.33 billion in revenue.

"Protecting our community is more important than maximizing our profits", Zuckerberg said. From fake Facebook accounts to thousands of dollars in Twitter ads, it is a story of real-time reaction to a campaign of disinformation that is only just beginning to be understood.

Colin Stretch, vice-president and general counsel of Facebook, was quoted as saying that new hires would "help track behavior of extremists" on the company's online platforms. Russian Federation denies any meddling.

Seven Palestinian militants killed as Israel blows up tunnel from Gaza
The IDF on Monday, 10 Cheshvan, targeted a terrorist tunnel originating in the Khan Yunis area of Gaza and continuing into Israel. Conricus called the tunnel a "grave and unacceptable violation of Israeli sovereignty" for which he held Hamas responsible.

Facebook said its quarterly revenue rose to $10.3 billion - a jump of 47 percent from $7.01 billion a year earlier. House Judiciary to hold hearing on net neutrality Twitter didn't tell Senate Intel about RT pitch to buy election ads Twitter banning ads from Russia-funded media outlets MORE (Va.) also said that he was irritated by how tech firms had responded to the committee's concerns. It was shown in Facebook users' feeds nearly 35,000 times and was clicked on 6,000 times. "Yet it keeps going up", Tigress Financial Partners analyst Ivan Feinseth said. King said the country needed to create a "cyberwar deterrent" to stop Russian Federation from doing something in the future. The number of monthly active users hit 2.07 billion, up from 2.01 billion in the previous quarter, and daily active users reached 1.37 billion, up from 1.32 billion last quarter.

Facebook employed 23,165 at the end of September, an increase of 47 percent over past year.

Various U.S. investigations into how Russian Federation may have tried to sway American voters in the months before and after last year's elections are hanging over Facebook and its competitors.

Stretch also disclosed that reach of Russian-backed political content on its platforms was greater than previously stated.

At a Wednesday US Senate Intelligence Committee hearing, Chairman Richard Burr released several Facebook ads allegedly purchased by Russia-linked organizations. We're investing so much in security that it will impact our profitability.


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