Facebook Reports $10.3 Billion in Revenues

04 November, 2017, 01:05 | Author: Katrina Soto
  • Facebook CEO Mark Zuckerberg

Facebook also booked $4.7 billion in profit, a 79 percent increase.

Facebook CEO Mark Zuckerberg said Wednesday that the company is serious about preventing abuse and that its investments in keeping "problematic content" off its social network will affect its profitability.

"None of that matters if our services are used in ways that don't bring people closer together - or if the foundation of our society is undermined by foreign interference", he said in the post. "These accounts tend to be less active and thus we believe impact DAU less than MAU", Wehner concluded. "Protecting our community is more important than maximising our profits".

The analyst added that some investors might be anxious that the probed into Russia's meddling with USA politics will result in regulation on social networks that might hurt profitability. "What they did is wrong, and we're not going to stand for it", Zuckerberg said.

In addition, about 2-3% of its monthly users in the third quarter were fake, or "user-misclassified and undesirable accounts" - up from 1%, as previously reported.

Alvaro Morata admits he wishes he'd never left Juventus
The second is the environment as I have been very well welcomed by my teammates. "They treated me like the kid I was before the two seasons in Italy ".

Unlike Twitter's anything-goes attitude, Facebook is famously strict about verifying the real-life identity of each of its users.

Mobile advertising revenue represented approximately 88 per cent of advertising revenue for the third quarter of 2017, up from approximately 84 per cent of advertising revenue in the third quarter of 2016.

As of September 30, the headcount at Facebook was 23,165 - an increase of 47 per cent year-over-year. This includes the already growing video sharing activities on Facebook's Instagram and WhatsApp, and content consuming through the recently-launched Watch tab, where users can watch shows like on traditional television. The quarterly earnings report was released as Facebook and other internet titans testified this week before Congress about a Russian-led effort to spread misinformation and sow discord ahead of the 2016 USA election.

"So all told, that gets you to approximately - a little less than 150 million", Stretch said in response to questioning from Democratic Senator Mark Warner.

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