Wednesday 25 July 2018

Facebook reports lower-than-expected growth after a quarter of data scandals

Facebook CEO Mark Zuckerberg arrives to testify before a Senate Judiciary and Commerce Committees joint hearing regarding the company’s use and protection of user data, on Capitol Hill in Washington, DC, U.S., April 10, 2018.
After a quarter filled with negative headlines, Facebook reported lower-than-expected growth in revenue and daily active users in its second quarter earnings release. Facebook reported $13.23 billion in revenue between April and June 2018. A Thompson Reuters consensus estimate predicted the company would generate $13.36 billion in revenue.The compa…Read More

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