Facebook addresses whistleblower controversies, while reporting revenue miss — and doubles down on Reels and metaverse, including commerce.
Zuckerberg pointed out the complex nature of the situation and to the company’s investments on safety and security — on track for more than $5 billion in 2022, he noted — as well as formation of an oversight board and research efforts. He also framed the company as constantly working on transparency.
“So we are retooling our teams to make serving young adults their North Star, rather than optimizing for the larger number of older people.” Still, Facebook managed to hit $3.22 in earnings per share, beating the $3.19 EPS expected by analysts. And The Facebook executive also noted the return of its Buy Black Friday campaign to feature Black-owned businesses on Facebook andFurther out, Facebook sees its future hinging on video, particularly Instagram’s short video offering, Reels, and the advertising opportunities there, as well as its broader seller tools and work on metaverse applications.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Facebook Hits 2.91 Billion Monthly Active Users In Q3; Earnings, Outlook Mixed Amid Advertising HeadwindsFacebook hit 2.91 billion monthly active users last quarter, up 6% from the year earlier, and reported mixed financial results and an outlook below expectations. Revenue of $29.1 billion for the Se…
Leer más »
Facebook shares rise as investors focus on earnings beat and look past whistleblower document dumpFacebook shares rose in extended trading on Monday after the company reported better-than-expected third-quarter earnings while revenue missed estimates.
Leer más »
Facebook shares rise as investors focus on earnings beat and buyback over revenue miss and outlookFacebook CEO Mark Zuckerberg has responded to recently leaked documents & reports about the company: 'My view is that what we are seeing is a coordinated effort to selectively use leaked documents to paint a false picture of our company.'
Leer más »
Facebook beats on earnings despite revenue missFacebook reported earnings after the bell. Here are the results.
Leer más »
Facebook Hits Record Profits, But Warns of Apple and COVID Impacts Next QuarterThe Q3 earnings report follows the release of thousands of internal documents, known as the Facebook Papers, that detail how the company allegedly placed user engagement above user safety.
Leer más »
Mark Zuckerberg Wants to Pivot Facebook Back to the YoungsZuckerberg announced that Facebook would be “retooling” to make “serving young adults the north star, rather than optimizing for older people”
Leer más »