tiptrot.com July 17, 2018

What Facebook crisis? Ad sales skyrocket to $11.8 billion, users don't #delete

28 April 2018, 10:55 | Gerardo Harmon

Facebook CEO Mark Zuckerberg

Facebook CEO Mark Zuckerberg

But the daily active users metric does indicate that Facebook did not see a material change in user behavior. But privacy violations such as occurred with Facebook raise serious questions regarding just how much we can rely on the tech industry to self-regulate. Mark Zuckerberg stated in November 2017 that he has big plans for the company in 2018 to improve the product and prevent widespread abuse, which could help improve Facebook's image in the eyes of the people.

During the hearing, Dr Kogan insisted he had not broken the terms and conditions of Facebook in the way he used his app to gather data, quipping: For you to break a policy, it has to exist.

Facebook and Alphabet's Google together dominate the Internet ad business worldwide.

Breakout, which operates 44 "escape room" game locations, is reducing its use of reminders that Facebook sends to people who start but don't complete a booking.

Schroepfer said he "respectfully disagreed" with such characterizations.

The firm is best known for its collaboration with Donald Trump's presidential campaign in 2016.

Facebook may still be mired in the Cambridge Analytica scandal, but if all you were looking at is its bottom line, you might never know anything was wrong.

It said that it had 185 million users there, up from 184 million in the fourth quarter. Schroepfer said the new oversight included a "move to a proactive review process where if an app developer wanted access to additional data they would have to go to a review with our teams".

Facebook's Q1 net income was 49 percent higher than in the same period last year, and its mobile advertising generated 91 percent of Facebook's total revenue, up from 85 percent last year. "We've said before that if we can't, then we don't deserve the right to their information".

The media may uncover foul play before Facebook does, the company also said.

India on Wednesday shot-off second notice to both UK-based political consultancy firm Cambridge Analytica and Facebook seeking more details on the data breach issue. Lucas was very critical: "I remain unconvinced the company has integrity".

Seán Kelly MEP has welcomed the news that the CEO of Facebook has agreed to come to the European Parliament in May to discuss issues of privacy, data protection and more, following an invitation by European Parliament President Antonio Tajani for Mark Zuckerberg to meet MEPs, which Mr Kelly re-iterated while meeting Facebook representatives in Silicon Valley recently.

Facebook's stock was up 7 percent on the back of the report. "We made mistakes and we are taking steps to make sure it doesn't happen again", Schroepfer wrote.

And perhaps most strikingly, users continued to grow.

The company's growth does not appear to have been stalled by privacy concerns, although the revelations about Cambridge Analytica and a #DeleteFacebook campaign that followed from some irate users did not occur until late in the quarter, and could be reflected in future earnings.

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