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Shares of Facebook collapsed Thursday at the opening of the New York Stock Exchange affected by its disappointing results and forecasts.
After losing up to 19 6% at the start of trading, the company's shares eventually fell 18.96% to 176.26 dollars, which translates into a loss of market capitalization of of 119 billion dollars . 19659002] Facebook reported its first-half results in 2018 on Wednesday afternoon with a mix of good and bad news in the short and medium term, in which its earnings rose 45% to $ 10,093 million, but in which also left scandals the shadows that affected the social network.
Data for the semester showed positive signs on its strength since, to the remarkable growth of the net profit of the last six months, it should be added that the income until June increased by 45.2% and reached Similarly, the operating profit of the company based in Menlo Park (California, United States) in the first half of the year 2018 establishes at $ 11,313 million. millions of dollars, a value higher than the 7,729 million recorded in the same period of the previous year.
Faced with the face of this biannual perspective, the cross for Facebook arrived with quarterly results from April to June, very well observed by experts and analysts since they could leave clues on how whose company fired the scandal of Cambridge Analytica .
Since the leak of personal data of millions of its users to the Cambridge Analytica consulting firm on March 18, Facebook has been seriously questioned about how to protect the confidentiality of its profiles.
The founder of the social network, Mark Zuckerberg appeared before the Congress and the European Parliament to explain and stop the wave of Facebook critics around the world, who not only stressed his failures at the protects privacy but also its key role in the widespread dissemination of hoaxes or false news.
In the second quarter, Facebook earned $ 5.106 million an amount greater than the $ 3.894 million in the same period of 2017, but its quarterly revenues were $ 13.231 million, a value below the consensus of Wall Street, which provided 13.36 billion in revenue.
Facebook did not meet analysts' expectations regarding active daily average users in June, a figure that despite a 11% growth over the year last and are at 1.470 million people, below the 1.490 million projected by the markets.
Everyday users of Facebook in Europe increased from the 282 million recorded in March to 279 million in June, a decrease which, according to experts, could be related to the entry into force in May the new General Regulation on Data Protection (GDPR) in Europe, which allows greater control over
With regard to new daily users Facebook added 22 million last quarter, the figure the lowest since the data are available in 2011.
Zuckerberg highlighted in a statement that the Facebook community and businesses continue to grow "quickly": "We are committed to investing in the security of people and continue to develop meaningful new ways to help people connect, "he said.
The advertising sector continues to be the great source of wealth for Facebook since $ 13.231 million in quarterly revenue from April to June 13.038 million came from commercialization of commercials . [19659002] Facebook also explained that 91% of its advertising revenue in the last quarter was obtained by selling advertisements for mobile devices.
In addition to the popular social network, Facebook also has other widely used computer applications such as Messenger Instagram or WhatsApp .
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