Facebook shares slip as expenses set to rise

Here's What The Last 12 Months Looked Like For Facebook

Facebook shares slip as expenses set to rise

The number of daily active users has also increased in the third-quarter to be around 1.4 billion.

With this, the social network website made a profit of United States dollars 4.7 billion in Q3 2017 that ended on September 30, compared with USD 2.6 billion in the same period a year earlier. "Protecting our community is more important that maximizing our profits".

Zuckerberg was vehement about how disappointed he was that Russian entities used Facebook ads to try to influence Americans during the presidential campaign.

Despite repeated warnings that revenue growth would decelerate meaningfully in the second half of the year as growth in ad load slowed, Facebook's third-quarter year-over-year ad revenue growth actually accelerated, rising from 47% in Q2 to 49% in Q3.

Despite mounting criticism from USA lawmakers over Russia's use of its platform to spread propaganda, the company's stock has been trading at all-time highs ahead of Wednesday's results. "We're bringing the same intensity to these security issues that we've brought to any adversary or challenge that we've faced", Zuckerberg said.

Facebook shares that ended the day up 1.4 percent to $182.66 but retreating in after-market trades to $179.25.

Miller smashes record ton in T20 worldwide
Bangladesh were in trouble early in their reply and never recovered as they were bowled out for 141 in 18.3 overs. Miller joined Evin Lewis and Yuvraj Singh as the only cricketers to hit five or more sixes in an over in a T20l.

The company reported an EPS of $1.59, up 77 percent year over year, and beating analysts' estimates of $1.28. The Company's products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Monthly active users: 2.07 billion, up from 2.01 billion last quarter.

Mobile advertising revenues continue to be dominant contributor to ad revenues as it represented 88 percent of advertising revenue for the quarter, up from 84 percent previous year.

Investors, however, it seems did not like the profitability outlook as the stock was down in after-hours trading despite the fantastic earnings report.

Facebook general counsel Colin Stretch told a hearing that Instagram posts by suspect Russian accounts were seen by some 20 million Americans a year ago.

Senator Dianne Feinstein of California told the hearing which included lawyers for Facebook, Google and Twitter that the companies need to do more to help combat "cyber warfare". "You've created these platforms, and now they are being misused, and you have to be the ones to do something about it, or we will". Still, two headwinds were pointed to in the company's call with analysts that are likely to impact the social media giant's future results. During the earnings call, Zuckerberg noted that they are making large-scale efforts in video content, artificial intelligence and virtual reality, among other areas.

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