With 2.2bn users, Facebook's profits surge to $4.98 billion in Q1

How Cambridge Analytica exploited the Facebook data of millions

Facebook Inc. continued to add users and saw revenue soar in the first quarter despite facing its worst crisis in company history over the mishandling of personal data belonging to millions of unsuspecting users.

Facebook also reported daily active users reached 1.45 billion on average for March 2018, an increase of 13 per cent year-on-year, while monthly active users were 2.2 billion on 31 March, again a 13 per cent increase year-on-year.

Of this, mobile advertising revenue represented 91 per cent of total revenue during the first quarter, up 6 per cent from Q2, 2017.

Although the impact of the scandal, which broke in mid-March, was unlikely to be reflected in the first quarter, the early signs suggested users and advertisers would remain.

Armenia's New PM Sargsyan Steps Down Amid Protests
Today, Monday, April 23, 2018, Sargsyan voluntarily stepped down, sharing today that "The street movement is against my tenure". On Wednesday, Pashinyan and Acting Prime Minister Karen Karpetyan were scheduled to hold talks, but the meeting was canceled.

In January, Mr. Zuckerberg said the number of hours users spent on Facebook had fallen by almost 50 million hours a day in the final quarter of a year ago because of changes to the platform's news feed to shift users away from passive consumption of content and toward more meaningful interactions. In a statement Wednesday, Facebook said it now has 1.45 billion daily users, matching estimates on this key measure of engagement. Its headcount stood at just under 28,000 at the end of March - 48% higher than this time past year.

Facebook's approach to privacy has come under intense scrutiny over the last few weeks, following the revelation that the personal data of millions of Americans was harvested from Facebook and improperly shared with the political consultancy Cambridge Analytica.

Facebook shares jumped more than 5% in after hours trading after ending the regular session flat at $US159 ahead of the post close release of the results.

So will this result from Facebook be enough to steady the fragile United States share markets?

Allison Mack released on bail; faces sex trafficking charges
He also said that Mack and her " Smallville " co-star, Kristin Kreuk , were used as "poster girls for normalizing the group". Her hair appeared freshly washed and well-combed, in contrast to Friday, when it appeared dirty and disheveled.

Heading into the earnings result, analysts were concerned about how much an ongoing backlash among users, advertisers and politicians on both sides of the Atlantic could slow down a company once viewed as unstoppable.

Facebook's recent data privacy missteps and closely watched Congressional hearings about the topic does not appear to have significantly impacted the company's latest quarterly earnings.

"Most are disturbed at an individual level with what happened, but there's nothing that made Facebook overly toxic - yet", he said. He told analysts the public testimony was an "important moment" for the company.

Perhaps the biggest surprise is the growth in Facebook's user base, despite #deleteFacebook, a movement spurring users to leave the social network and recently energized by the Cambridge Analytica scandal.

Asus Zenfone Max Pro M1 launched in India: Price, specs and more
Even on the front, the Zenfone device's black colour looks better as compared to the white visible ones on the Note 5 Pro. Vodafone will be providing its consumers who purchase the ZenFone Max Pro M1 unbelievable offers up to Rs. 3,200 (~$48).

Stoked by fears that the data may have been used to try and influence elections in the U.S. and Europe and the discovery that Facebook collects a lot more data than the average person realises (including web browsing history and, in some cases, text messages), some users have started a #DeleteFacebook movement, including the co-founder of the Facebook-owned WhatsApp. But he doesn't expect a major impact on Facebook revenue. "You know, I think in general technology is an increasingly important trend in the world and I actually think the question is more what's the right regulation rather than "yes" or "no" should it be regulated".

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