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Facebook's results for the second quarter were presented Wednesday night – Norwegian time – after a year of scandal. According to the Bloomberg Financial website, it was expected that monthly user growth would increase by 2.3% between the first quarter and 2.25 billion active users. The second quarter scenario shows that user growth has halted to 2.23 billion.
The economic result was $ 1.74 per share – $ 1.71 per share. Sales finished at $ 13.23 billion, against estimates of 13.33%. This is the first time since 2015 that Facebook does not meet predefined estimates.
Facebook has already announced that the usual news feeds from users can no longer receive ads, which worries both analysts and investors. On the other hand, the strong growth of Instagram seems to calm troubled shareholders
– Instagram has become a growth monster for both user growth and engagement, according to Richard Greenfield, analyst at BTIG.
Instagram already has more than one billion users and the second quarter report shows that growth does not seem to stop.
Facebook shareholders also have every reason to smile on the stock market development of the company since the Cambridge Analytica scandals and user data that was en route. Since the March issue of March ($ 152.22 per share), it has now surpassed $ 214 per share, an increase of more than 40%
Big Challenges
Facebook's boss, Mark Zuckerberg, must address several challenges resolved in the social networking community. As early as last week, he had to once again defend the company's decision that conspiracy theories and denials of the Holocaust are not erased from the social network.
– I find this information very offensive. But after all, I do not think our platform should delete this, he said in an interview with the Recode website.
He later stated that he did not try to defend people who deny the Holocaust with this statement. (Conditions)
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