[ad_1]
Technology
2018 is not a good year for Mark Zuckerberg and Facebook, the company that he co-founded and directs
After the filtering scandal data from thousands of social network users to the company Cambridge Analytica and criticism for its inability to combat the spread of false news, now the opposite comes from the stock market.
Facebook shares collapsed on Thursday after the company will announce to investors that their rate of profit is decreasing while that of spending is increasing.
In total, their shares lost nearly 19% of their value, which translates into a loss of more than 19459008 from $ 1201 million the largest in history for a company in one day
This fall also dropped the Nasdaq index, which closed down 1%, according to BBC reported.
" We are so so safe that it will have a significant impact on our profits," warns Mark Zuckerberg at the end of Wednesday
"The GDPR (General Regulation on Data Protection) was an important moment for our industry.We saw a decline of about a million people in the number of active users per month in Europe "he added.
The company noted that it expects to increase spending by 50% or more in its attempt to improve the way it monitors content , follows advertisers and processes user data, areas in which it was reviewed by regulators.
In addition, the company predicted that earnings growth would be affected ] when people would start using new o to limit advertising.
Facebook, who is owner of Instagram and WhatsApp said that his growth forecast for the remainder of the year will be reduced to one margin of 30% against 44% in the last quarter.
Risk of contagion?
Although Facebook's year-over-year earnings growth exceeded 40%, nervousness seemed to extend to the stock values of other technology companies.
Twitter, which faced the same criticisms on Facebook and will release its quarterly results on Friday, closed Thursday with a 3% drop.
Other companies were more resilient. Alphabet, owner of Google and YouTube, which also depends on digital advertising, ended the day down by less than 1%, while Spotify grew by almost 4.5%
Unique Factors
The factors that affect Facebook are exclusive to the company, said Daniel Ives, strategy director of GBH Insights firm.
The social network was subjected to scrutiny because it did not prevent the filtering of data from millions of users. The British company Cambridge Analytica
Facebook has also changed the appearance of the wall of its users, highlighting the publications of family and friends on those of companies or organizations, what Zuckerberg has already warned [19659003] Greenfield of BTIG Research estimated that investors react in an exaggerated manner.
"We were pretty stressed during the Facebo conference ok and we could feel the fear / panic in investors' voices later," he explained.
From his point of view, Facebook is still a great opportunity for advertisers and the investments he's made now will mean greater long-term growth
" The Mobile Eats the World and Facebook is an essential business to benefit from this change. "
But for Daniel Ives, the future of the social network is not so encouraging: "(Facebook) offered a very disappointing forecast for the second half of this year and 2019 and that will have a big weight on short-term stocks. "
Technology correspondent Dave Lee of the BBC in San Francisco understands the most optimistic and pessimistic.
"In general, it seems that people do not abandon Facebook . The number of monthly active users – that is, those who interact at least once a month – remains stable in the United States, has declined slightly in Europe and is increasing in the rest of the world, "he said
.a company accustomed to these figures are developing throughout the world. year, the lack of significant growth raises concerns, if not panic. "
The bad data Thursday personally affected the same Zuckerberg In 1945, he lost nearly 16 000 million dollars according to the BBC.
This made him fall from two ranks on Forbes list of billionaires of the world: he passed from fourth to sixth place, behind Spanish fashion mogul Amancio Ortega and American businessman Warren Buffett.
Zuckerberg is now 81.900 million dollars "poorer" than Jeff Bezos founder and president of Amazon, who lead this ista.
Source link
