Business

During the scandal, Facebook still had impressive first quarter business results

On April 24, Facebook announced its Q1 / 2019 business results with revenue exceeding Wall Street investors’ expectations and spending $ 3 billion to pay a fine to a management agency. ?America.

On April 24, Facebook announced its Q1 / 2019 business results with revenue exceeding Wall Street investors’ expectations and spending $ 3 billion to pay a fine to a management agency. America, easing investors’ concerns about the results of a multi-month investigation into this social network.

Shares of the world’s largest online social network have increased by more than 10% to $ 200.50.

Accumulated payment, Facebook is set at 3 billion USD but can increase to 5 billion USD.

Total revenue in the first quarter increased 26% to 15.1 billion USD compared to 12 billion USD in the same period last year, surpassing the estimate of the investment of 15 billion USD.

[Facebook admits to reveal millions of Instagram account passwords]

Haris Anwar, senior analyst at financial market site Investing.com, says this is a strong business report showing that advertisers still see value in the Facebook platform, as they did before Data disputes and scandals erupted.

The monthly and daily users of the main Facebook application both increased by 8% compared to last year, respectively, VND 2.4 billion and VND 1.6 billion, consistent with the forecasts. However, the number of Facebook users has hardly increased in the US, Canada and Europe, indicating the saturation of this social network in most lucrative markets. Facebook’s largest and fastest growing user base is currently in Asia, where monthly users are up 12.4% over last year. This area accounts for nearly half of Facebook users, but brings less than 1/5 of the company’s revenue.

That geographic change, along with the slow adoption of new services such as Stories, led to a 4% decrease in the average price per ad in the first quarter.

The total cost in the first quarter was $ 11.8 billion, including cumulative payments, an increase of 80% over the same period last year before the company hired content operators and invested in new security controls to make your social network safer.

Reports business results in quarter 1/2019 of Facebook shows the stability in the business of social networking world’s largest despite manufacturers are still struggling in the “storm scandal” and the investigation from the many national regulatory agencies.

The US Federal Trade Commission investigated claims that Facebook shared the sensitive personal information of 87 million users with political consulting firm Cambridge Analytica. The investigation focused on data sharing and other disputes that violated the 2011 agreement between this social network and FTC to protect user privacy.

Experts estimate that, if Facebook is determined to violate the agreement in 2011, this social network may receive a record penalty of $ 3 billion-$ 5 billion./.

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