Privacy scandals did not affect performance, FB earnings exceeded expectations rose 7%

category:Internet
 Privacy scandals did not affect performance, FB earnings exceeded expectations rose 7%


In the post office trading on NASDAQ on Wednesday, Facebook shares rose 6.94% to $170.78 as of the deadline. Before that, Facebook shares have gone through a month - long decline, because the company disclosed that the British consulting company Cambridge analysis company has collected data from millions of users. The Cambridge analysis company scandal has affected as many as 87 million users, triggering calls for more supervision and users leaving the social network, but there is no sign that advertisers care about it. Everyone is talking about how bad Facebook can be, said Daniel Morgan (DanielMorgan), senior portfolio manager at SynovusTrust, an investment firm. But the financial statement is very positive and reiterates that Facebook is still very good, and they will come back. His company holds about 73000 shares of Facebook stock. Facebooks profits in the first quarter exceeded analysts expectations, while revenue grew by 49% over the same period last year, up from 39% in the same period last year. Facebooks mobile advertising business has grown, mainly because the company has launched more video content. The company announced that the number of active users increased to 2 billion 200 million in the first quarter, an increase of 13% over the same period last year, which is in line with the average expectations of analysts surveyed by Thomson Reuters. Facebook reversed the decline in the number of active users in the United States and Canada in the last quarter, saying it has 185 million users in the United States, up from 184 million in the fourth quarter of last year. The result is a bright spot in the first quarter of Facebook, which has faced a series of negative news in the past few months, including the companys handling of personal information, its role in the United States election and violence in developing countries. Facebooks revenue is mainly achieved by selling personalized advertisements to consumers. In the past few quarters, the company has proved that its business model has a very big flexibility: as long as users come back to continue to browse their news content and watch video, the business model can continue. The company announced that the total number of employees in the first quarter was 27742, an increase of 48% over the same period last year. Mark Zuckerberg, chief executive of the company, said in a statement that he would sacrifice Facebooks profit margin for long-term health development. He said in a statement that Facebook is investing to ensure that our services are being used for good things. In the first quarter, net profit net profit attributable to shareholders was 4 billion 990 million US $4 billion 990 million, up 63% from $3 billion 60 million in the same period of the same period in the previous year, and a diluted earnings per share was $1.69, up 63% from $1.04 in the same period of the same period of last year. According to Thomson Reuters survey, analysts had expected Facebook earnings per share to be $1.35 in the first quarter. Facebooks first quarter revenue was $11 billion 970 million, an increase of 49% over the same period last year of $8 billion 32 million, higher than analysts average forecast of $11 billion 410 million. More stringent regulation may reduce the attractiveness of Facebook ads because it may reduce the type of data that can be used for users personalization and precision advertising, although the size of Facebook means it may well respond to regulatory requirements. Facebook and Alphabets Google jointly dominate the global Internet advertising business. According to eMarketer, a market research firm, Facebook is expected to account for 18% of global digital advertising revenue this year, compared with 31% for Google. The company said it would increase the size of the stock repurchase program by an additional $9 billion. The company initially authorized the amount of $6 billion to buy back shares. In March 16th, Facebooks share price closed at $185.09. After the close of the day, a data leak scandal broke out. Over the next few days, the companys market value evaporated about 50000000000 dollars. Even though the companys flagship social network Facebook has suffered huge reputation losses from users or advertisers, it still owns three of the worlds most popular smartphone apps: Instagram, Messenger and WhatsApp. (Liu Chun) source: NetEase science and technology report editor: Wang Fengzhi _NT2541 Facebook and Alphabets Google jointly dominate the global Internet advertising business. According to eMarketer, a market research firm, Facebook is expected to account for 18% of global digital advertising revenue this year, compared with 31% for Google. The company said it would increase the size of the stock repurchase program by an additional $9 billion. The company initially authorized the amount of $6 billion to buy back shares. In March 16th, Facebooks share price closed at $185.09. After the close of the day, a data leak scandal broke out. Over the next few days, the companys market value evaporated about 50000000000 dollars. Even though the companys flagship social network Facebook has suffered huge reputation losses from users or advertisers, it still owns three of the worlds most popular smartphone apps: Instagram, Messenger and WhatsApp. (Liu Chun)