Facebook with a historic fall loses millions – Tv Media

Facebook is shaking world markets. On Thursday, Mark Zuckerberg's social network set a new record on the New York Stock Exchange, down more than 20%, resulting in a market value loss of more than $ 124 billion, or $ 106,000 million. 39 euros at the current exchange rate

This historic decline is a direct result of the publication of the results of the second quarter of Facebook Wednesday night. For the first time, Mark Zuckerberg's social network has lost supporters in Europe. Between March and June, the month in which he faced the data leak scandal for Cambridge Analytica and the entry into force of the General Data Protection Regulation, he had less than a million people in his possession. users, to 376 million.

There was no growth in the United States either: the number stagnated at 241 million. Nevertheless, in the global total, Facebook has grown from 2 196 billion users to 2 234 billion. But analysts believe that growth is coming to an end.

In the second quarter, Facebook 's business figure, consisting almost exclusively of advertising revenue, rose to 11.3 billion euros, representing a growth of 42%. % compared to the same period of 2017, but below the expectations of observers, which amounted to 11.4 billion. Expenditures increased 50% to 6.4 billion, with a tendency to continue to grow.

Profits rose 31% to 4.4 billion, above expectations.