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Social network shares fell by more than 17% in off-wheel operations, offsetting some of the 23% gain recorded this year.
Facebook disappointed in the delivery of its second quarter results, reporting weaker than expected monthly active user growth, months after the social network was involved in a data leakage scandal that affected more than 87 million of people.
The firm Mark Zuckerberg said that its users assets grew to 2,230 million, below Reuters estimates of 2,250 million. This announcement resulted in a drop in technology stock of more than 17% in off-road operations, wiping out some of the 23% advance recorded this year.
The Cambridge Analytica scandal has elicited several excuses from its CEO, Apparitions in front of the US Congress and the UK Parliament, amid calls from activist groups for users to cancel their accounts .
Other results
In its delivery results, Facebook announced while sales Online advertising increased 42% between April and June to reach $ 13,040 million, but costs increased by 50% compared with the previous year to reach $ 7,370 million. shareholders totaled US $ 5,110 million, or US $ 1.74 per share, compared with US $ 3,890 million for the same period in 2017. Total revenues increased by 41.9% to 13,230. millions of US dollars; Analysts estimate the figure at 13,360 million US dollars
Despite the improvement of several parameters, the number of users is an essential data for investors in order to anticipate their future earnings, and has a direct impact on profit forecasts.
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