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Internet Facebook posts weaker-than-expected quarterly figures after data scandal
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F Acebook published in the second Quarterly figures weaker than expected: In the first full quarter after the data scandal, sales rose 42% to $ 13.2 billion ($ 11.3 billion); Earnings rose 31 percent to $ 5.1 billion, as the company announced Wednesday. However, the online network has not met expectations. The number of users was also below expectations.
The number of monthly active users increased by eleven percent to 2.23 billion – most had estimated at 2.25 billion. The increase in daily active users also fell eleven percent to 1.47 billion lower than expected. The stock price fell 22% after the announcement of the figures and a weak outlook.
Facebook CEO Mark Zuckerberg said the company had invested heavily in "security and privacy." "We are investing so much in safety that it is starting to affect our profitability," Zuckerberg said during a conference call to the quarterly report. But he added, "We are running this business for the long term and not for the next quarter."
Facebook is due to the mbadive abuse scandal of user information by the Cambridge Analytica data badysis firm in the worst crisis in its history. Zuckerberg had stated that he was not expecting serious consequences from the data scandal – but recent quarterly figures suggest a slowdown.
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