Indeed, Facebook grew both profits and revenues for both its fourth quarter and year end 2018 results, despite concerns that growth was slowing after the firm was plagued with mutiple problems in 2018. The social networking company reported $2.38 earnings per share for the quarter, topping the Zacks' consensus estimate of $2.18 by $0.20. The revenue for the quarter was $16.91 billion, which is more than estimations by analysts. For example, someone can use Facebook Marketplace to list their stuff and then communicate any interested buyer directly over WhatsApp.
US social media giant FacebookWednesday reported strong growth in revenue, earning 16.91 billion USA dollars in the fourth quarter ending on December 31, 2018. The company's quarterly revenue was up 30.4% on a year-over-year basis.
Facebook was also slapped with a lawsuit from Martin Lewis, the founder of MoneySavingExpert.com, for featuring scam advertisements that used his name and image.
Facebook CEO Mark Zuckerberg (C) testifies at a joint hearing of the Senate Judiciary and Commerce committees on Capitol Hill in Washington D.C., United States, on April 10, 2018. They also said it's possible to fix those issues while expanding the business. Shares of Google parent Alphabet Inc rose 1.4 percent in extended trading on Wednesday.
According to Zuckerberg, the idea is to let people utilise the apps to enhance the experience.
But analysts say the trust issue is crucial for Facebook if it wants to move forward in its mission to connect the world. "Advertisers don't listen to either of those groups - they listen to consumers". Facebook had a return on equity of 27.95% and a net margin of 39.60%. The current growth recorded by Facebook in this quarter is notably its best so far. Contravisory Investment Management Inc. now owns 200 shares of the social networking company's stock valued at $26,000 after purchasing an additional 121 shares during the period.
The Irish Data Protection Commission (DPC) on Monday warned Facebook over its planned integration of chat services - WhatsApp, Messenger and photo-sharing app Instagram - asking the social media giant to provide it with an "urgent briefing" on the proposals. More than 2 billion people use at least one of these apps each day, Facebook noted.
As it approaches its 15th anniversary, Facebook has been able to keep revenue momentum thanks to its unique advertising model that allows marketers to reach specific segments of users. The number from Facebook Ad Manager gives 4.8 million as the total number of Facebook users in Singapore in 2018. Those newer ads are less lucrative at the moment.
CEO Mark Zuckerberg followed Sandberg's comments saying the company still has a lot of work to do to monetize Facebook Stories at the same level as the News Feed. The company is focusing on making more of its messaging services encrypted by default, as well as expanding shopping on Instagram, he added.
The hugely successful trainer has nine horses running at Monnee Valley today including $2.65 favorite, Twitchy Frank, in race six. The unit is understood to have been investigating Weir's operation since August.
Peppers was voted to the NFL's 2000s All-Decade Team, and was the only remaining defender from that team still active in 2018. Ranked fourth on the NFL's all-time list with 159.5 sacks, Peppers is expected to be a first ballot Hall of Famer.
Tesla, Inc . registered $15.96 million net activity with 1 insider buy and 12 selling transactions since October 1, 2018. Tesla recently laid off some of the Model S and Model X staff and discontinued the cheapest versions of these vehicles.
The penalties mean that the Tigers will not be eligible for the SEC title game or a bowl game this upcoming fall. A 5-percent reduction in scholarships for football, baseball and softball during the 2019-20 academic year.
The competition on Team USA has the likes of Kings guard DeAaron Fox, Atlanta's Trae Young and Celtics forward Jayson Tatum . The roster was voted on by assistant coaches of the 30 teams in the league, one vote for each coaching staff.
The American Gaming Association expects a $1.3 billion betting increase from last season's Eagles win over the Patriots . If Aaron Donald, Ndamukong Suh, and Fowler live in the Patriots backfield, it will not be a fun night for New England.
So I'm always going to be mature about that, professional, come to do my job every single day, and really just see what happens. Irving received a loud ovation when starting line-ups were announced and again when he touched the ball early in the game.
Former HUD Secretary Julián Castro was the first 2020 Democratic presidential candidate to call on Northam to resign. Ralph Northam prepares to address a press conference at the Capitol in Richmond, Va., Thursday, Jan. 31, 2019.
The INF treaty was originally signed by President Ronald Reagan and Soviet General Secretary Mikhail Gorbachev. Russian Federation alleges that the United States is using the accusations as a pretext to quit the treaty.
Eagles expected to pick up Nick Foles' $20-million option
The backup QB has starred in Wentz's absence the past two seasons, including their Super Bowl championship run previous year . A trade partner would then have Foles under contract for $20 million, as a basis for talks on an extended deal.
Get Ready for 1 TB Storage Phones from Samsung
The South Korean electronics giant announced the first ever 1TB embedded Universal Flash Storage (eUFS) chip for smartphones . Furthermore, the random read speed has increased by up to 38 percent over the 512GB version , Samsung said in a statement.
Gunners enter race to sign Idrissa Gueye ahead of PSG
But after the game, Silva squashed those rumours and revealed he was absent from the team only because of an injury. Everton's next fixture is against Wolves on Saturday before a home clash against Manchester City on Wednesday.
For Honor & Hitman headed to PlayStation Plus in February
It's a great choice for those who enjoy fighting games, but don't like getting distracted by complex combat systems and controls. This may prove frustrating to those hoping to stockpile games before eventually picking up a PS Vita or PS3 down the road.
Former Vikings quarterback Wade Wilson passes away
However, Wilson would return, and coach in the same role from 2007-2017, working with players such as Tony Romo and Dak Prescott . A member of the team from 1981 to 1991 where he played in 76 games and started 48, Wilson was named to the Pro Bowl in 1998.