Facebook: Quarterly results have not reached projections | Trade | Economy | World



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With a mixture of good and bad news in the short and medium term, Facebook today reported its results for the first half of 2018, in which its earnings increased by 45% to reach US $ 10 093 million. in which the scandals that affected the social network also left shadows.

The half-yearly data showed positive signs of its strength, since, at the remarkable growth of net profit of the last six months, it is necessary to add that income until June, they increased 45.2% to US $ 25,197 million.

Similarly, the operating profit of the company based in Menlo Park (California, USA) during the first six months of 2018 it stood at 11.313 million US dollars, a higher value to US $ 7.729 million recorded in the same period of the previous year.

Faced with this biannual perspective, the cross for Facebook arrived with the quarterly results from April to June, highly observed Cambridge Analytica

Since March 18, the leak of personal data of millions of its members was known because it could leave clues as to how the company had been put on sale. Users of the Cambridge Analytica consulting firm, Facebook, have been seriously questioned about how they protect the privacy of their profiles.

The founder of the social network, Mark Zuckerberg appeared before the US Congress. and the European Parliament to explain and stop the wave of Facebook critics around the world, who not only stressed his failures to protect privacy but also his key role in large-scale dissemination. in the second quarter, Facebook gained US $ 5,106 million, an amount greater than US $ 3,894 million for the same period of 2017, but its quarterly revenues amounted to US $ 13,231 million, a value below US $ 13,231 million. The Wall Street consensus, which provided a turnover of 13.36 billion US dollars

The shareholders of the company earned 1.74 US dollar over the last three months, against 1.72 dollar American provided by the experts.

Facebook did not meet analysts' expectations in terms of average daily users in June, a figure that, despite an 11% growth over last year and was a good source of revenue. Establishing 1.470 million people, remained below 1.490 million Those who anticipated the markets.

In concrete terms, Facebook's daily users in Europe increased from 282 million in March last year to 279 million in June, a decline which, according to experts, could be related to the entry into force in May of the new General Data Protection Regulation (GDPR) in Europe, which gives greater control over personal information on the Internet.

Zuckerberg said today in a statement that the Facebook community and businesses continue to grow rapidly. ":" We are committed to investing to keep people safe and to continue developing meaningful new ways to help people connect, "he said. the electronic operations after the closing of the day in Wall Street .

In another sense, the business or advertising continues to be the great source of wealth for Facebook, since Of the $ 13,231 million in quarterly revenue from April to June, $ 13,038 million came from commercialization of ads.

Facebook also explained that 91% of its revenues In addition to the popular social network, Facebook also has other widespread computer applications such as Messenger Instagram or WhatsApp .

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