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"Now it hurts," writes the "FAZ" in a comment on Facebook's weaker-than-expected quarterly numbers. The group has been hit in the market and the challenges such as new regulations and the loss of popularity among the younger target group would be felt now.
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Meanwhile, the "New York Times" title "Facebook now pays the price of its scandals". This includes the important privacy incident with Cambridge Analytica, which has collected more user data than would have been authorized.
An expensive call
The reason for the fall of Facebook's share price was a conference call with badysts. These profit calls are regularly used by listed companies to keep their investors and financial sector experts up-to-date. However, CEO Mark Zuckerberg did not think it was so bad.
For the British newspaper "The Guardian", the fall is mainly due to the fact that the company had warned badysts that sales would slow down in the future. In addition, the number of Facebook users – both daily and monthly – in Europe decreased for the first time.
The same song
Burglary is also an important topic in the German-language media. "The press" writes that the decline of European users is bearable for the Group, as European users would bring much less money than those in North America.
The "Süddeutsche Zeitung" leads the crash after the quarterly report mainly on weak figures attributed to the introduction of the European regulation on data protection. The company is still a slot machine.
losses in billions
Mark Zuckerberg's private badets were reduced due to the collapse of nearly $ 17 billion. Not only him, but also the Swiss National Bank could be a lasting collapse in Facebook's share, however, expensive.
The central bank holds just under nine million shares exchangeable on Facebook (as of March 2018) and therefore holds more shares than Mark Zuckerberg, CEO and founder of the company, that 's. it is a short-term collapse or a prolonged bear market.
Official Statement
Even the boss of the company, Mark Zuckerberg, expressed it on Facebook with the numbers, but remained positive. More than two and a half billion people would use one of Facebook's apps each month, including WhatsApp and Instagram. In addition, a lot of money is invested to make use of it safer and more credible.
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