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Facebook expects mångmiljardböter – yet strong quarterly report

2011 promised Facebook a series of measures regarding its protection of privacy, after an investigation criticised the company's handling of user data. The fed

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Facebook expects mångmiljardböter – yet strong quarterly report

2011 promised Facebook a series of measures regarding its protection of privacy, after an investigation criticised the company's handling of user data. The federal handelsmyndigheten the FTC believes, however, that Facebook breached the agreement, which was concluded with the government repeatedly, including for the conduct of the Cambridge Analytica-the scandal that was revealed last year.

Even though the negotiations are still ongoing writes Facebook in its quarterly report, which was released on Wednesday night, that it ”estimates the losses in this case to the 3-5 billion dollars”. It would be a record fine to the FTC for a technology company, according to the New York Times.

would Facebook easily have beaten analysts ' expectations, writes Market Watch. The a priori predicted earnings per share 1,63 dollars, would have landed on 1,89 dollars. After a short decline in the stock market, the share rose also by nearly five per cent in the efterhandeln.

Among other things you could account for an increase of ad revenue by 26 percent during the first quarter of the year, a turnover of 15.1 billion u.s. dollars and an increase in the användarantal. 1,56 billions of people is now estimated that daily use of Facebook or their other services, Instagram, Whatsapp, or Messenger, an increase of 8 percent from the same period last year.

" We had a good quarter and our business, and the platform continues to grow, says ceo Mark Zuckerberg in a press release.

bordered by the criticism the company has Facebook's shares have risen by almost 40 per cent this year, writes Reuters.

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