27 April, 2018
Net income attributable to Facebook shareholders rose in the first quarter to $4.99 billion, or $1.69 per share, from $3.06 billion, or $1.04 per share, a year earlier. It made $11.97 billion in revenue in the first three months of the year, up 49% from the previous year.
Facebook suddenly found itself under the spotlight when it was revealed that a data firm called Cambridge Analytica exploited the personal data of 50 million users, most of which were American voters, to manipulate voter sentiment in the run-up to the 2016 USA presidential elections.
It has also been accused of doing little to stop the spread of so-called fake news and misinformation during elections.
The Cambridge Analytica scandal, which has sparked government investigations globally, was mentioned only once on an hour-long conference call between analysts and Facebook management, when one analyst asked Zuckerberg what he learned from testifying in United States congressional hearings.
GOP Debbie Lesko won CD 8 Special Election, per AP
Trump made a last-minute appeal on Tuesday, urging voters to support Lesko, who he was "Strong on Border, Immigration and Crime". Add Republican Party as an interest to stay up to date on the latest Republican Party news, video, and analysis from ABC News.
Bruins C Bergeron a game-time decision for Game 5
The Bruins centre skated on his own Friday as the rest of the team rested, which head coach Bruce Cassidy called "positive". The Leafs have some good news as Nazem Kadri will be back after missing the last three games due to suspension.
Comey: President's call to put him in jail isn't 'normal'
The media appearance is Comey's latest as part of a promotional tour for the release of his new book , " A Higher Loyalty ". The ex-FBI chief's comments in an ABC News interview are nearly certain to escalate his war of words with the president.
Facebook has said the personal information of about 87 million users might have been improperly shared with political consultancy Cambridge Analytica, which worked on Donald Trump's 2016 presidential election campaign.
When questioned by chairman Damian Collins, Mr Schroepfer said there was no "category-by-category opt-out" in terms of the kind of political advertising users were presented with, meaning they have no control over whether they're presented with adverts from particular campaigns or parties. They and others have been notified, as Facebook undergoes a review of all apps on its platform and their privacy practices. 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.
Facebook's stock was up 7 percent on the back of the report.
As Bloomberg pointed out, one seemingly minor concern for Facebook is the rate of growth in recent months. In fact, if you were exclusively looking at the company's latest earnings, you might actually think the scandal has helped Facebook.
He was also asked why it did not immediately inform users that their data had been used without consent. Facebook has since apologized amid the scandal and promised to do a better job of safeguarding user data. They're adapting to the fact that people typically spend less than a few seconds viewing an ad, and are creating content that can cut through the clutter to capture peoples' attention.