The company said that revenues rose to $11.9bn in the first three months of the year, compared to $8bn previously. It's also rolling out ad transparency tools giving users the ability to see who is running a political ad, who they're targeting, how much they're paying and what other messages they're sending out.
Changes to the Facebook news feed to prioritise posts from family and friends were also reflected in the quarter's data - though there was no specific update provided by the company regarding the time users spend on the site.
Facebook said the average number of daily active users over March had risen to to 1.45 billion, a 13% increase year-on-year.
"While privacy and security are very serious issues that Facebook is rightly focusing on, as long as the return-on-investment is there, advertisers won't stop investing in Facebook altogether", he said.
The company is proving that even with the Cambridge Analytica scandal and concerns over user privacy and the spread of fake news, businesses can't afford to pull dollars away from Facebook's 2.2 billion monthly active users.
Net income rose 63% to almost $US5 billion against the year-ago quarter on revenue that was up 50% to $US11.97b. "To each query, the company that faces probes in different parts of the world for illegal data mining, has provided one line answers which don't explain anything or provide any assurances".
In another sign public anger directed at Silicon Valley hasn't hurt business, Twitter and Alphabet, Google's parent company, also reported strong financial results this week.
Facebook chief financial officer David Wehner said use of the social network might ebb slightly in Europe due to GDPR, but executives were confident its ad business was on firm footing since the rules affect its competitors as well.
Facebook data breach has snowballed into a major controversy in India with main political parties BJP and Congress accusing each other of engaging services of Cambridge Analytica to influence elections in the country.
Tighter regulation could make Facebook's ads less lucrative by reducing the kinds of data it can use to personalize and target ads to users, although Facebook's size means it could also be well positioned to cope with regulations.
The troubles for social media giant Facebook and its tainted British vendor Cambridge Analytica are far from over in India. The question for analysts will be whether the declines are truly Facebook's own design or a reflection of user preference. Zuckerberg spent two days on Capitol Hill earlier this month getting grilled by lawmakers about Facebook's responsibility.
Company's EPS for the prior five-years is valued at 32.8%, leading it to an EPS value of 7.1% for the next five years. The Zillow Group, Inc . exchanged hands with 1169061 shares compared to its average daily volume of 474.35K shares.
A Florida woman was upset when detectives showed up at the funeral home where her late fiance's body was resting. Militiamen gathered to unlock the gadget with a fingerprint of a dead African American.
Afghans look at the devastation from the ISIS attack where scores of people were lined up to register to vote. . Both ISIS and the more well-established Taliban have stepped up attacks across Afghanistan in recent years.
We just had a bit of banter about the opportunity but we didn't talk about plans or the economic aspects. They believe Ancelotti is the right man to take their squad forward for the Euros and next World Cup.
Pompeo is set to be voted out of the Senate Foreign Relations Committee with an unfavorable recommendation after Republican Sen. All Democrats on the Senate Foreign Relations Committee , as well as committee member Sen.
In a tweet about the shooting Tuesday evening, the Dallas Police Department said the officers were critically wounded. Hall said the off-duty officer was working at the store and that she called for assistance in making an arrest.
Venkaiah Naidu claimed that the Opposition party MPs were unsure of their own case and was based on 'suspicion and conjectures'. Naidu also held that "we can not allow any of our pillars of governance to be weakened by any thought, word or action".
The flight, scheduled to leave at 9:30 p.m., left at 10:34 p.m. with all passengers except Garcia, American Airlines said. After about 15 minutes, they walked him out. "American began the process of deplaning the entire aircraft".
OnePlus 6 will officially be revealed on 17 May 2018
Well, wonder no longer: OnePlus has scheduled a launch event for 16 May , so that's when all of this will become official. We can expect the company might be trying newer colour variants along with the standard Midnight Black variant as well.
Westbrook vows Rubio won't repeat stellar game
It was the first time a Jazz player recorded a triple-double in the postseason since John Stockton did it on April 28, 2001. And, given he is 11 for 31 overall and 4 for 16 from three through two games, it's hard to argue against Utah's strategy.
Breaking down New York Giants potential draft strategy
OUTLOOK: During free agency, Saints tried to put themselves in position to draft best players available, regardless of position. To get picks back, the Jets could trade some veterans on their roster instead of trading back to add assets.
Barria bests Belt in record-setting 21-pitch at-bat
The Giants would go on to win the game, 4-2, thanks in part to a home run from Belt, who has been on a tear of late. If there was only a tacit acknowledgment between them, Belt did admit to Maldonado that he understood how he felt.