[ad_1]
VIDEO – The action of the social network collapsed at the opening of Nasdaq, Thursday, July 26, following the announcement of results deemed disappointing by investors. For Mark Zuckerberg, this plunge represents a loss on paper of some $ 16 billion.
From our correspondent in Washington
Facebook undergoes a masterful stock market correction after reporting a deceleration of its activities that disappoints badysts . The scandals of recent months, which have highlighted the manipulation of its platform by agencies wishing to influence elections in the United States and elsewhere by spreading false news, play a role in slowing the growth of the social network . When the Nasdaq market opened, $ 114 billion of Facebook capitalization went up in smoke. The title of the company fell 18.34% to 177.61 dollars around 13H50 GMT. The plunge represents a paper loss of some $ 16 billion for the heritage of Mark Zuckerberg, the founder and boss of Facebook.
"READ ALSO – Cambridge Analytica: understand everything about a scandal week for Facebook
The violent correction is to be put in the context of a 23% increase in the price of the company of Menlo Park (California) since the beginning of the year and a jump of 43% since its lowest level at the end of March, after the hacking scandal of data by a political marketing firm in the UK. The results announced by Facebook on Wednesday night are only bad in the context of optimistic expectations of its shareholders. The firm of Mark Zuckerberg thus displays a 42% increase in its turnover and a 31% jump in profits in the second quarter. So we can not talk about the collapse of the activity of the bad society of the Internet sector.
»READ ALSO – A Facebook lost, ten found
These performances are nevertheless slightly worse than expected. The turnover reached 13.2 billion dollars, while on average it was expected to 13.4 billion dollars. But Facebook management had not been taken for lack of optimism since 2015.
A million users lost in Europe
The other disappointment comes from slowing growth in the number of Internet users addicted to Facebook. During the first quarter, the number of daily active users has certainly increased by 11% to 1.47 billion. But the growth of the Facebook audience was 13% in the first quarter.
»READ ALSO – Facebook abandons its drone project to" connect the world "to the Internet
The new European regulation introduced in in May to force social networks to better protect the private data of their users has already resulted in a decline of one million users in Europe, admits Mark Zuckerberg. Facebook now has 279 million daily active users in Europe. In the United States and Canada, the number of daily users no longer increases.
»READ ALSO – Personal data: Facebook puts 1.5 billion users out of reach of European law
Another subject of concern: Mark Zuckerberg announced that over the coming quarters, Facebook's mbadive investments to strengthen the data security of its users and better filter the content they display on its platforms will continue to weigh on profits and growth . In particular, Facebook wants to hire 20,000 people by the end of the year to monitor content loaded on its sites and strengthen security. But Facebook has already grown by 47% over the past year, to reach 30,275 people.
Facebook shares the data of its users with manufacturers of smartphones – Watch on Figaro Live
[ad_2]
Source link
