NEWS31 January 2019
US – Facebook has posted record results for the final quarter and full-year of 2018.
The company’s net income was $6.88bn for the final quarter of 2018, up 60% from the last quarter of 2017 ($4,27bn). Revenue also grew 30% to $16.6bn.
The results exceeded analyst expectations, despite Facebook’s troubled year, following revelations over how it treated users’ personal data in the aftermath of the Cambridge Analytica scandal.
Mark Zuckerberg, the company’s founder and chief executive, said in a statement accompanying the results: "We've fundamentally changed how we run our company to focus on the biggest social issues, and we're investing more to build new and inspiring ways for people to connect."
On Wednesday, Apple said that it had banned Facebook from publishing certain apps, after TechCrunch reported that the social media company was paying users aged 13 to 35 a monthly fee to install an app called Facebook Research to gather data on their browsing habits.
Related Articles
The world's leading job site for research and insight
Resources Group
Qual / Quant Insight Manager – Research and Strategy – Consumer and Public Sector
£36,000–£43,000 + Benefits
Resources Group
Client Development Manager – c1 year Maternity Contract – Strategic Consultancy
£55–£65,000 pro rata + bonus + great benefits
Resources Group
Quant Senior Research Exec – Retail – Behavioural Science
£28,000–£35,000 + Benefits
Featured company
-
Town/Country: London
Tel: +44 (0)20 7490 7888
Kudos Research is the leading provider of premium quality UK and International Telephone Data-Collection. Specialising in hard to reach B2B and Consumer audiences, we achieve excellent response rates and provide robust, actionable, verbatim-rich data. Methodologies include . . .
-
Town/Country: Aylesbury
Tel: +44 (0)1296 632578
2Europe is an award-winning (Quirk's, RAR Awards), full-service market research agency which specialises in international B2B market research. We are recognised as one of the top market research agencies in the UK . . .
-
Brought to you by:
-
© Copyright 2023 Research Live
0 Comments