However, the outlook for the rest of 2021 is not that bright, CFO David Wehner said in a statement.
Apples (AAPL) The iOS 14.5 software update requires users to explicitly allow apps to track their behavior and sell their personal data, such as age, location, spending habits, and health information, to advertisers. Facebook, which makes almost everything of its advertising dollars, aggressively pushed back on changes and warned investors last year that the update could harm its business if many users opt out of tracking.
Facebook is also facing increasing regulatory oversight. The company and its fellow tech giants are the target of a list of new antitrust bills proposed by House lawmakers last month. And the company recently had a difficult exchange with the White House after President Joe Biden claimed that health disinformation on social media platforms was “killing people,” although it subsequently receded slightly.
A small group of protesters
On Wednesday, outside Facebook’s Washington DC office, body bags were labeled with labels saying “disinformation kills.” On Tuesday, Facebook announced a partnership with Meedan’s Digital Health Lab, a global nonprofit tech organization, to help train fact-checkers to spot health misinformation.