The company said it recorded a $2 billion charge in the quarter tied to the FTC settlement. It previously set aside $3 billion.
The company said it counts more than 2.7 billion monthly users across the its family of apps, up slightly compared to the previous quarter. Facebook saw its user base in Europe remained flat quarter-to-quarter at 286 million daily active users. The company's user base in the U.S. and Canada was 187 million, up slightly compared to 186 million in the prior quarter. The company said average revenue per user was $7.05, up 18% from $5.97 a year ago.
Facebook also announced that it was informed by the FTC in June that the agency had opened an antitrust investigation into the company. Facebook's business continues to grow at a rapid clip. The company is undergoing a major transition from News Feed ads as it expands ad revenue from its newer Stories products. Already, Facebook says it has more than 500 million daily users for the Stories features across Facebook, Instagram, WhatsApp and Messenger., CEO Mark Zuckerberg wrote that the future of Facebook will be "private, encrypted services.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Where does all that $ go!?
How does that settlement change their anti-American policies towards their users with regard to what they are and are not allowed to say on the platform?
Now that’s a plot twist
Where does that money go?
Zuckerweisel is going to get harassed going forward. He’s been caught lying so much he’s got no credibility left.
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Facebook earnings beat: $1.99 per share, vs. $1.88 per share expectedFacebook investors will be anxious to hear how the company is bracing for increased regulatory scrutiny. So I barely get an hour for break between the MuellerHearings and EarningsReport? Oy!
Source: CNBC - 🏆 12. / 72 Read more »
Snap shares jump on upgrade ahead of earnings after the bellShares of Snap, parent company of Snapchat, rose on Tuesday following an upgrade from Stifel ahead of the company's earnings release after the bell.
Source: CNBC - 🏆 12. / 72 Read more »
Ford earnings: 32 cents per share, vs. 31 cents per share expectedFord shares were up more than 34% year-to-date through Wednesday but still down by about 2.6% over the past 12 months. How come I’m reading 28cents/share Ya those criminal c—k suckers on cnbc were hyping F up last few months another successful pump n dump as I’m sure they dumped all of their shares before earnings lol Correction...you are gonna be sued soon for stuff like this. Too many guys.
Source: CNBC - 🏆 12. / 72 Read more »
Teradyne stock rallies more than 10% on earnings beat, strong outlookTeradyne Inc. shares rallied in the extended session Tuesday after the electronic testing equipment maker's quarterly results and outlook topped Wall Street...
Source: MarketWatch - 🏆 3. / 97 Read more »
Whirlpool earnings beat estimates as higher prices offset tariff impactWhirlpool Corp on Monday reported better-than-expected quarterly earnings and li... So American consumers are paying for Trump's tariffs. Thank goodness no one buys appliances, or inflation would go up. Beating tariffs thanks to taxpayers
Source: Reuters - 🏆 2. / 97 Read more »
Upbeat earnings lift European shares, autos zoomEuropean shares were set to rise for a third straight session on Tuesday, tracki... This is scary to me. Not only because I just read an article a few weeks ago talking about how the globe has gotten to what is called peak auto. So, unless there was a concerted effort to change this. These sales are inflated. They may have really happened, but didn't need to. Anyone notice they have been changing their messaging lately. I wonder if it has anything to do with them being owned by an investment firm now? Any other theories?
Source: Reuters - 🏆 2. / 97 Read more »