Facebook shares rise as investors focus on earnings beat and look past whistleblower document dump

$29.01 billion vs $29.57 billion expected by analysts, according to Refinitiv.1.93 billion vs. 1.93 billion expected by analysts, according to StreetAccount.2.91 billion vs. 2.93 billion expected by analysts, according to StreetAccount.Facebook will make significant changes in the next year to focus more on its full-screen video Reels feature, which competes directly with TikTok,told analysts on the earnings call.

He warned that, "this shift will take years, not months, to fully execute," and that ultimately it will be as significant to Facebook as the adoption of the News Feed and Stories features.Zuckerberg kicked off the earnings call with a Facebook whistleblower Frances Haugen giving evidence to the joint committee for the Draft Online Safety Bill, as part of government plans for social media regulation.Haugen initially shared documents with the Wall Street Journal, which published a series of stores on them, and she then appeared in front of a Senate panel earlier this month to testify about her experiences at the company. Since then, Haugen has released documents to several more news outlets, leading to additional news articles.

He touted Facebook's investments in research and said the rest of the industry should follow its lead.

Thats qas fuking halarious that mark says oh no qe dont like misinformation but do nothing to stop it, oh yes we belive in safty over profits but dont look over here at our 9 billion profit margin

Buyback stocks to save company stock , Facebook can not stop the end , just Delay

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Facebook shares rise as investors focus on earnings beat and buyback over revenue miss and outlookFacebook CEO Mark Zuckerberg has responded to recently leaked documents & reports about the company: 'My view is that what we are seeing is a coordinated effort to selectively use leaked documents to paint a false picture of our company.' ZuCk KiLLs GOATs 'iNJuStiCe aNYwHeRe iSa tHReAt tO JuStiCe eVeRYwHeRe' MLKJ READ & Take Action; Terminate Obstruction oF Justice REAL Revolution RussellRope 🐐📰💣 donie Okay Mark, we trust you. Not. DeleteFacebook donie Facebook mission statement: We harvest as much user data as possible regardless of the contents being shared. Our algorithms push more sharing of contents to all users. We don’t pull down false content per First Amend. We then sell the data to ad brokers to generate revenues.
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