Facebook said it took a one-time charge of $3 billion due to an ongoing Federal Trade Commission inquiry.
Facebook stock rose as much as 9% in after-hours trading despite the company announcing that it could take a one-time charge of as much $5 billion due to an ongoing Federal Trade Commission inquiry.
The company said it counts 2.7 billion monthly users across the its family of apps, which is unchanged compared to last quarter. Facebook saw its user base in Europe grow to 286 million daily active users, up from 282 million last quarter. The company's user base in the U.S. and Canada remained flat quarter-to-quarter at 186 million. The company said average revenue per user was $6.42, up 16% from $5.53 a year ago.
The company is undergoing a major transition from News Feed ads as it grows ad revenue from its newer Stories products. CEO Mark Zuckerberg on Wednesday said Facebook, Messenger and WhatsApp's Stories features now have 500 million daily active users, joining Instagram, which hit that mark in January. Facebook COO Sheryl Sandberg on Wednesday said the company now has 3 million advertisers using Stories ads across Instagram, Facebook and Messenger.
"Ultimately, we believe we can increase demand for Stories as we attract more advertisers and bring more effective direct response units to Stories, and over time that will play through to increased prices," Wehner said. In a March memo, Zuckerberg wrote that the future of the company will be"private, encrypted services." The company is working to integrate the messaging functions of WhatsApp, Messenger and Instagram, and Zuckerberg said he expects"Messenger and WhatsApp to become the main ways people communicate on the Facebook network."
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Snap returns to user growth on new shows, Android app; shares jumpSnap Inc on Tuesday beat Wall Street targets for quarterly revenue as its photo-...
Consulte Mais informação »
Snap restarts user growth with original shows, Android overhaulSnap Inc's original shows and rebuilt Android app helped it add Snapchat us...
Consulte Mais informação »
Snap Reports Rising User Base, Revenue GrowthSnap reported rising daily users and accelerated revenue growth, signs that a tumultuous redesign of the company’s core app last year and its strong following among young people are translating into business gains.
Consulte Mais informação »
Snap stock surges after user growth beats estimates and losses narrowSnap Inc. shares were soaring 8% in after-hours trading Tuesday after the social-media company beat expectations with its latest financials and user numbers.
Consulte Mais informação »
Twitter reports surprise quarterly user growth, revenue beatsTwitter Inc on Tuesday posted better-than-expected first-quarter revenue and a s...
Consulte Mais informação »
Twitter shares jump, ascribes growth to fight against abuseShares in Twitter Inc jumped 13 percent on Tuesday after the social media compan...
Consulte Mais informação »
Twitter stock soars after user growth crushes expectationsTwitter shares were surging in premarket trading Tuesday after the company topped expectations for user growth by a wide margin.
Consulte Mais informação »
On Instagram, users keep a keen eye on who watches their storiesA small feature on Instagram has given rise to a cat-and-mouse game for people looking to catch exes, crushes, former friends and parents looking at their posts.
Consulte Mais informação »
Facebook 'unintentionally uploaded' email contacts of 1.5 million users: reportFacebook had "unintentionally uploaded" email contacts of 1.5 million new users since March 2016, Reuters reported late Wednesday, citing company confirmation in its report. New users of the social media site were being asked to verify accounts with their email passwords, a process that in some cases uploaded those users' email contacts to Facebook, the company told Reuters in a statement. "These contacts were not shared with anyone and we are deleting them," the company told Reuters. Facebook has dropped the email password verification requirement. It's the latest discovery about a company already under scrutiny for privacy-related issues, including a data scandal in which Cambridge Analytica obtained 87 million Facebook users' personal information without their consent. FB shares are slightly lower in Thursday pre-market action. They're up more than 36% year to date.
Consulte Mais informação »
Facebook jumps after reporting first-quarter earningsFacebook said it took a one-time charge of $3 billion due to an ongoing Federal Trade Commission inquiry.
Consulte Mais informação »
Mueller report details how Russians reached millions of American Facebook and Twitter usersHere's how technology companies and products were cited in the Mueller report.
Consulte Mais informação »