Facebook sales soar despite data scandal

Facebook's quarterly sales rose by nearly 50% in the social media giant's first results since a privacy scandal over users' data emerged.

The company said that revenues rose to $11.9bn in the first three months of the year, compared to $8bn previously.

Chief executive Mark Zuckerberg said: "Despite facing important challenges, our community and business are off to a strong start in 2018."

He added that the firm is "taking a broader review of our responsibility".

Facebook said that its advertising revenue rose to $11.8bn in the three months to the end of March, compared to $7.8bn in the same period a year ago.

First quarter profits also grew, reaching $4.9bn compared to $3bn last year.

In March, towards the end of Facebook's reporting period, the company was caught up in a massive privacy scandal involving the political consultancy Cambridge Analytica,

Facebook admitted that the data of 87 million users had been improperly shared with the consultancy.

Commenting on the first quarter results, Mr Zuckerberg said: "We are taking a broader view of our responsibility and investing to make sure our services are used for good.

"But we also need to keep building new tools to help people connect, strengthen our communities, and bring the world closer together."

Facebook said the average number of daily active users over March had risen to 1.45 billion, a 13% increase year-on-year.

The average number of monthly active users for March also rose by 13%, to 2.2 billion, and the number of staff saw a steep 48% increase to 27,742.

Comments

Job alert: Direct Sales Agent At Ashton & Dave Travels And Holidays Limited.

Ashton & Dave Travels and Holidays Limited is a professional travel, holiday and Logistics services organization is led by a group of professionals whose aim is to provide clients with services that exceed their expectations. Ashton & Dave travels and holidays limited is incorporated under the "Companies and Allied Matters Act 1990 (RC 713420 )" and an IATA accredited travel management company working as a professional and reliable entity. We seek applications from qualified candidates for the position below: Job Title : Direct Sales Agent Location : Victoria Island, Lagos Responsibilities • Prospecting, qualifying, developing and closing sales opportunities within and outside the country (borderless marketing). • Forecasting and tracking of sales opportunities. • Achieving sales targets. • Understanding industry trends, product capabilities and customer requirements. • Establish Executive level, long term custome

Yakubu Dogara congratulates wife, Gimbiya, as she is a year older

Speaker of the house, Federal Republic of Nigeria, Rt. Hon. Yakubu Dogara, has congratulated his wife, Gimbiya, as she is a year older and the speaker has taken his time to shower some accolades on her. Dogara said"Happy birthday to Virtuous woman, the rock of my family and the love of my life. Thy sun shall no more go down; neither shall thy moon withdraw itself as you continue to flourish like a palm tree bearing fruits in season and out of season." The wife of Bukola Saraki, Toyin Saraki, also congratulated Dogara's wife on her twitter account. She (Toyin) said"Happy Birthday to my dear sister, Mrs. Gimbiya- blessed to know you, even more blessed by your friendship. May all your years be blessed. Happy Eld too! Amen!

SARS at it again: Police kills 20 year old lady and her friend in Ajegunle, Lagos State.

Truth to be told, the Nigerian Police seems to be erupting war instead of being an exemplary entity of peace. They have reportedly become a thorn to all and sundry flesh in Nigeria. A murder case of a young man, Kolade Johnson, which is still reportedly fresh and Young in the hands of the Special Anti-robbery Squad, SARS, another ugly scenario has also surfaced in Ajegunle, in Lagos State. It was reported the another Innocent youth, 20year old girl was shot dead by Police in Ajegunle while the boy that was with her was also shot & fighting for his life at the hospital. It was evidently reported the deceased did not commit any crime punishable under the law. This has come as a great threat to the peace of the nation at large. In due time, more reports will be brought to you following the unpleasant incident orchestrated by the heartless killers.

Gistyoublog

Search This Blog