Breaking News

Micron Announces New 2600 NVMe SSD HighPoint Launches Next-Gen External PCIe Gen5 x16 Switching Adapter LG Display Begins Mass Production of Ultimate Gaming OLED Panel with 4th-Generation OLED Technology PlayStation Plus Monthly Games for July 2025 Samsung Releases Smart Monitor M9 With AI-Powered QD-OLED Display

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Facebook Reports Strong Results

Facebook Reports Strong Results

Enterprise & IT Nov 1,2017 0

Facebook reported high quarterly profit and revenue on Wednesday as it pushed further into video advertising.

"Our community continues to grow and our business is doing well," said Mark Zuckerberg, Facebook founder and CEO. "But none of that matters if our services are used in ways that don't bring people closer together. We're serious about preventing abuse on our platforms. We're investing so much in security that it will impact our profitability. Protecting our community is more important than maximizing our profits."

Facebook is at the center of a political storm in the United States for the ways it handles paid political ads and allows the spread of false news stories. U.S. lawmakers have threatened tougher regulation and fired questions at Facebook General Counsel Colin Stretch in hearings this week.

Facebook has said that people in Russia bought at least 3,000 U.S. political ads and published another 80,000 Facebook posts that were seen by as many as 126 million Americans over two years. Russia denies any meddling.

Facebook's total advertising revenue rose 49 percent in the third quarter to $10.14 billion, about 88 percent of which came from mobile ads.

The company said about 2.07 billion people were using its service monthly as of Sept. 30, an increase of 16% year-over-year.

Total revenue increased 47.3 percent to $10.33 billion.

Tags: facebook
Previous Post
Lenovo to Buy Fujitsu PC Unit Stake
Next Post
Qualcomm Chip Business Stays Strong

Related Posts

  • EU Privacy Watchdog Accused of Delaying Probe Procedures Against Facebook

  • Zuckerberg Says Remote Work is Here to Stay

  • Facebook to Launch New Shopping Feature Across Apps

  • EU Tech Chief Demands More From Facebook Regarding Business Practices

  • Facebook Buys GIPHY as Part of Instagram Team

  • Facebook Works With Telecoms on 2Africa Subsea Cable for Future Internet Connectivity

  • Facebook Reports Increased Number of Removals of Hate speech, Terrorism

  • Facebook Users Accept $550 Million Privacy Deal Over Facebook's “Tag Suggestions”

Latest News

Micron Announces New 2600 NVMe SSD
Enterprise & IT

Micron Announces New 2600 NVMe SSD

HighPoint Launches Next-Gen External PCIe Gen5 x16 Switching Adapter
Enterprise & IT

HighPoint Launches Next-Gen External PCIe Gen5 x16 Switching Adapter

LG Display Begins Mass Production of Ultimate Gaming OLED Panel with 4th-Generation OLED Technology
Enterprise & IT

LG Display Begins Mass Production of Ultimate Gaming OLED Panel with 4th-Generation OLED Technology

PlayStation Plus Monthly Games for July 2025
Gaming

PlayStation Plus Monthly Games for July 2025

Samsung Releases Smart Monitor M9 With AI-Powered QD-OLED Display
Enterprise & IT

Samsung Releases Smart Monitor M9 With AI-Powered QD-OLED Display

Popular Reviews

be quiet! Light Loop 360mm

be quiet! Light Loop 360mm

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

Arctic Liquid Freezer III 420 - 360

Arctic Liquid Freezer III 420 - 360

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

Soundpeats Pop Clip

Soundpeats Pop Clip

Noctua NH-D15 G2

Noctua NH-D15 G2

Crucial T705 2TB NVME White

Crucial T705 2TB NVME White

be quiet! Light Base 600 LX

be quiet! Light Base 600 LX

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed