Facebook-WhatsApp integration not before 2020: Mark Zuckerberg

03 February, 2019, 20:12 | Author: Billie Castillo
  • Facebook rethinks their plans to destroy WhatsApp, Messenger and Instagram

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 Facebook Wednesday 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.

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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.

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