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Facebook reported lower sales growth than badysts expected in the second quarter. Sales rose 42% to $ 13.23 billion, but were $ 120 million lower than forecast. This was announced by the operator of the world's largest social network on July 25, 2018, after the closing of trading on the New York Stock Exchange. The Labor Market
Earnings increased 3% from $ 3.9 billion to $ 1.74 per share) at 5, $ 1 billion ($ 1.32 per share)
Daily users increased 11 percent to $ 1.47 billion. The number of monthly badets also increased by 11 percent to 2.23 billion. Daily users are below forecasts
Facebook warned of the decline of the user
Facebook had already warned that the number of monthly and daily active users in Europe should stagnate or decrease slightly in the second quarter. The reason is the EU General Data Protection Regulation, which applies from May 25th.
This is also the first full quarter since the disclosure of the data scandal surrounding Cambridge Analytica. Cambridge Analytica collected about 50 million private user data from Facebook users in 2014 and used it to design badysis software. It was intended to predict electoral behavior and would have been used to support Donald Trump's election campaign as President of the United States. The data transfer should not have been legal.
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