Facebook recorded earnings per share of $0.85 compared to estimates of $1.63 EPS. The Redmond, Washington-based company said it had profit of $1.14 per share, beating the $1 per share anticipated by analysts.
Josh Krichefski, CEO at MediaCom, said: "In the midst of criticism over how the company handles the privacy, safety and data of its users, Facebook has managed to deliver steady revenue and user growth numbers for Q1". The company statement says, "The matter remains unresolved, and there can be no assurance as to the timing or the terms of any final outcome".
Ashkan Soltani, an Obama-era FTC chief technology officer, wrote on Twitter that Facebook may be buying a blanket absolution with its fine.
Investors have generally shrugged off issues surrounding data use, regulatory hurdles or political pressure when evaluating Facebook, focusing instead on its robust financials.
The fine indicates regulators believe Facebook violated its 2011 consent agreement with the FTC, in which the social media platform said it would create a comprehensive privacy program and seek "express consent" from users before sharing any private information.
In its first quarter financial report released yesterday, the social networking platform has registered a net profit of $24 Bn.
The potential FTC fine is linked to the Cambridge Analytica scandal that rocked the social network in 2018. "With 2.7bn monthly active users, Facebook's family of apps is still where most consumer-to-brand engagement happens online". The 87 million profiles received by Cambridge Analytica were reportedly used to created profiles of voters used by the 2016 Trump campaign to determine the areas of the country where more money needed to be spent for advertising.
Allowing incarcerated criminals to vote will help creating a "vibrant" democracy with a much higher voter turnout. News also reports that Sanders leads Trump by 10 and eight points in Wisconsin and Pennsylvania, respectively.
Elizabeth Warren of MA and Julian Castro, a former Housing and Urban Development secretary, are for impeachment proceedings. Trump said today he is "not even a little bit" concerned about the possibility of impeachment.
While likening the cases of the two women, Zarif proposed a broader exchange for Iranians held or sought by the United States. Beginning in May, those countries have to halt oil imports from Tehran or face sanctions.
That is to say: if you have a USB hard disk or thumb drive, or an SD card in an SD card reader, the update won't install. Reversing its decision of excluding the Paint app from Windows 10 , software giant Microsoft has chose to let it stay.
Last summer, the son was involved in an argument in his mother's hospital room when she began to regain consciousness. She is continuing to receive treatment in Abu Dhabi. "My mother was sitting with me in the back seat".
Kim Yong-chol, one of the North's key nuclear negotiators involved in talks with the United States, was not mentioned either. Others say it's not clear how big of a role Russian Federation can play in efforts to restart the nuclear negotiations.
Federal health officials attributed the record-setting number to a few large outbreaks, specifically in NY and Washington state . Hamilton says one case has been identified in Florida so far and no reported measles cases in Leon or surrounding counties.
In a statement , CBP told the BBC the boy was "abandoned by smugglers" who "entered the United States illegally". Trump has previously said that he planned to send US troops to the southern border until a wall could be built.
The 25-year-old entertainer was consoled by his wife Hailey Bieber as they watched from their private box at the venue. The Bruins meet the in-form Columbus Blue Jackets in the next round. "It's win or go home".
The Shenzhen-based company will unveil OnePlus 7 and an all-new OnePlus 7 Pro model with spruced up internals and 5G support. OnePlus said in a press statement that this will be the largest launch event that the company has hosted till date.
There is anger and anguish tonight over the execution of a Saudi Arabian man who once hoped to attend college here in MI . It also comes on the heels of Sri Lanka's Easter Day attacks that killed over 300 people, including two Saudi nationals.
Benjamin Netanyahu wants to name Israeli town after Trump
An estimated 20,000 Israelis live in Golan Heights settlements, which most of the worldwide community considers illegal. In 2017 Trump also broke decades of USA policy and announced that he recognized Jerusalem as the Israeli capital.
Lillard has 50 and Blazers oust Thunder in 5 games
Game 4 of the first-round series between the Trail Blazers and Thunder didn't go the way OKC hoped it would on their home floor. No other former Syracuse Orange players are in the National Basketball Association playoffs this year.
De Bruyne out of Manchester derby
It meant Jurgen Klopp's Reds have now ceded their advantage - with Pep Guardiola's men previously having played fewer games. Solskjaer, meanwhile, has demanded a strong reaction from his team. "He's happy and he knows we are happy with him".
Huawei records $27bn in first-quarter revenue
Moreover, with 2019 being the year of worldwide 5G deployment, Huawei envisions unprecedented opportunities for business growth. The Korean smartphone major reported the "steepest Q1 profit slide in 4 years" after smartphone sales looked flat.
Ford invests $500 million in electric auto startup Rivian
Ford will invest $500 million in electric-car startup Rivian, the companies announced Wednesday, forming a strategic partnership. Production of the R1S and R1T is scheduled to begin in 2020, though you can preorder them now with a $1,000 deposit.