Facebook's stock dips after Zuck warns Russian crackdown will hurt profits
Nov 03, 2017, 00:13
"I believe this will make our society stronger, and in doing so will be good for all of us over the long term", Zuckerberg said on the call.
Security is clearly a major and costly issue for Facebook.
Facebook's top lawyer, Colin Stretch, told U.S. lawmakers this week that the company planned to add roughly 10,000 more employees to aid its efforts to eradicate fake news, misinformation, and state-sponsored efforts to sway public opinion. Third-quarter ad revenue rose 49% to $10.1 billion, beating the consensus of $9.71 billion. "Protecting our community is more important than maximizing our profits", Zuckerberg told journalists after the company reported third-quarter earnings.
"We're serious about preventing abuse on our platforms".
Chief executive Mark Zuckerberg used the update to address criticism of Facebook for allowing disinformation and manipulation during the 2016 United States presidential election, hours after the company's top lawyer faced a grilling at a Washington congressional hearing. We're investing so much in security that it will impact our profitability. EPS (GAAP): $1.59 vs. $1.28 expected, up 77% from the year-ago period.
But Facebook's investment in platform security goes far beyond that, as Zuckerberg explained on Wednesday.
Away from the financials, Facebook'sdaily active users (DAUs) and monthly active users (MAUs) saw a YoY increase of 16 per cent. DAUs were 1.37bn on average for September 2017, while MAUs were 2.07bn as of 30 September.
It's worth noting that more than 98 percent of Facebook'srevenue comes from advertising, 88 percent of which is from mobile devices.
The latest data on Instagram is on top of the estimated 126 million Americans exposed to Facebook posts from Russian entities seeking to create divisions during the election campaign. "You've created these platforms, and now they are being misused, and you have to be the ones to do something about it, or we will". During the earnings call, Zuckerberg noted that they are making large-scale efforts in video content, artificial intelligence and virtual reality, among other areas.
The nation is on Tuesday observing Rashtriya Ekta Diwas (National Unity Day) on birth anniversary of Sardar Vallabhbhai Patel. The "Run for Unity" is a commendable initiative to showcase country's unity and integrity, said Hockey player Sardar Singh.
Territory of Puerto Rico to receive the failing grade. "This is an unacceptable trend that requires immediate attention". Although North Carolina received a "D", the grade for individual counties for which numbers were available varied.
Therefore, the proper way to stack a cheeseburger is as follows (from top to bottom): bun, lettuce, tomato, cheese, patty, bun. GOOGLE'S CEO IS TACKLING what may turn out to be one of the biggest business problems he will ever face in his life.
The board can also close the climb if it believes people will continue to visit the sacred site without being able to climb. According to the board, only 16 per cent of visitors to the national park climbed Uluru from 2011 to 2015.
The 2017 Galaxy Note 7 recall - due to exploding batteries - also dealt the firm a crippling blow to its mobile business. The prices of DRAM and NAND memory chips soared as demand outpaced tight supplies.
Putin was in Tehran to take part in the second three-way summit with Rouhani and Azeri President Ilham Aliyev. The host nation believes this will show that USA approval is not needed for regional cooperation.
His remarks came after India today jumped 30 places to rank 100th in the World Banks ease of doing business ranking . Also, with the enactment of the new bankruptcy law, India's ranking on insolvency resolution has also improved.
If you would like to see how your hospital measures up, you can see the grades for every Washington hospital here . WellStar's Douglas and Paulding hospitals were two of just 14 hospitals in the state to receive an "A" ranking.
Nehra played a stellar role for India eight years later in the 2011 World Cup semi-final, picking up 2/33 against Pakistan. The Mumbaikar was bating on 16 then, and if his eventual score was any indication, the visitors paid a huge price.
Now it's a waiting game as the league deadline for trades is not until 4:00 p.m. today and the Dolphins may not be done just yet. He finished the 2016 season with eight touchdowns and 1,272 yards, which was the fourth-most in the NFL .
El Shaarawy double as Roma maul Chelsea
With Atletico Madrid in third place and yet to win in the Champions League this season, it could be a major scalp for both sides. Tuesday's match is a landmark for Fabregas, who makes his 100th Champions League appearance in the Stadio Olimpico.