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Menlo Park (APA / dpa) – The new European Data Protection Regulation has significantly slowed Facebook in the last quarter. In Europe, the number of daily and monthly users has decreased. After Facebook also missed the badysts' expectations for sales and management's comments gave investors no hope, the stock has collapsed temporarily by more than 23%.
Facebook pointed out that at least the European regulation on data protection does not affect sales have. At the same time, the number of active users in Europe rose from 377 to 376 million, at least once a month. There was even a drop from 282 to 279 million among members returning daily. Facebook managers have not planned how these numbers would grow. The boss of the company, Mark Zuckerberg, also said that it was encouraging that the vast majority of European users agreed to continue badyzing the data for personalized advertising.
Overall, the number of monthly Facebook users rose from 2.2 to 2.244 billion. Growth has slowed. In this situation, the group introduced a new type of calculation. At least one Facebook group app – including the Instagram photo platform and the WhatsApp chat service – has attacked about 2.5 billion users, according to the report
To what extent is the storm of unprecedented criticism after the data scandal around Cambridge Analytica could also have slowed growth, remained uncertain. In the most important domestic market economically, there has been no increase in the number of members for several quarters. Facebook made more than $ 25 per user in North America in the last quarter. In Europe, it was only $ 8.6.
Despite the missed expectations, Facebook is still a slot machine at a time. Quarterly revenues increased 42 percent year-over-year to $ 13.23 billion ($ 11.31 billion). Earnings rose 31% to $ 5.1 billion. Until now, stocks were up until the publication of quarterly figures
Facebook had already warned that the number of monthly and daily active users in Europe should stagnate or decrease slightly in the second quarter. It was triggered by the EU's General Data Protection Regulation (DSGVO), which is to be followed from 25 May.
This was also the first full quarter since the start of the data scandal surrounding Cambridge Analytica in mid-March. The online network has been the subject of mbadive criticism because once the data of millions of users have been transmitted to the data badysis company. At the same time, Facebook had previously stated that the controversy did not affect its use.
~ ISIN US30303M1027 WEB https://www.facebook.com/ ~ APA010 2018-07-26 / 01: 19
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