Zuckerberg pointed out the complex nature of the situation and to the company’s investments on safety and security — on track for more than $5 billion in 2022, he noted — as well as formation of an oversight board and research efforts. He also framed the company as constantly working on transparency.
“So we are retooling our teams to make serving young adults their North Star, rather than optimizing for the larger number of older people.” Still, Facebook managed to hit $3.22 in earnings per share, beating the $3.19 EPS expected by analysts. And The Facebook executive also noted the return of its Buy Black Friday campaign to feature Black-owned businesses on Facebook andFurther out, Facebook sees its future hinging on video, particularly Instagram’s short video offering, Reels, and the advertising opportunities there, as well as its broader seller tools and work on metaverse applications.
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:
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Facebook Hits 2.91 Billion Monthly Active Users In Q3; Earnings, Outlook Mixed Amid Advertising HeadwindsFacebook hit 2.91 billion monthly active users last quarter, up 6% from the year earlier, and reported mixed financial results and an outlook below expectations. Revenue of $29.1 billion for the Se…
Source: DEADLINE - 🏆 109. / 63 Read more »
Facebook shares rise as investors focus on earnings beat and look past whistleblower document dumpFacebook shares rose in extended trading on Monday after the company reported better-than-expected third-quarter earnings while revenue missed estimates. Buyback stocks to save company stock , Facebook can not stop the end , just Delay 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
Source: CNBC - 🏆 12. / 72 Read more »
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.
Source: CNBC - 🏆 12. / 72 Read more »
Facebook beats on earnings despite revenue missFacebook reported earnings after the bell. Here are the results. Hardly. Are you serious? Profits are up. If you don't like Facebook .. cool story! Move on. Facebook is NOT in charge of your emotions. Get over it. They are a COMPANY that MAKES MONEY FOR ITS INVESTORS.. ONLY
Source: CNBC - 🏆 12. / 72 Read more »