Facebook beats revenue, profit estimates, shares rise

The worlds largest social network has faced scrutiny over the past three years from regulators and users worldwide over its privacy practices and data breaches.

It is also feeling the heat from politicians on how its services have been used to spread misinformation about politics and health.

Federal Trade Commission data privacy probe, has warned that new rules and product changes to protect users privacy would slow its revenue growth into next year and significantly raise expenses.

Original article
Author: Reuters Editorial

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Reuters Editorial has recently written 11 articles on similar topics including :
  1. "Facebook confirmed on Thursday that chief executive Mark Zuckerberg was interviewed earlier this week at a Federal Trade Commission (FTC) investigative hearing as part of the government's antitrust probe into the social media company". (August 20, 2020)
  2. "Facebook Inc's chief executive officer, Mark Zuckerberg, and some company executives have been discussing a "kill switch" to shut off political advertising after the election is over to curb misinformation, the New York Times reported on Friday, citing unnamed sources". (August 21, 2020)
  3. "Facebook Inc said on Monday it is partnering with external researchers to examine the impact of the social media site on society during the 2020 U.S. presidential election". (September 1, 2020)
  4. "FacebookChief Executive Officer Mark Zuckerberg said on Friday the company was at fault for not removing the page and event for a militia group before two people were killed at a protest in Kenosha and deemed it "largely an operational mistake"". (August 28, 2020)
  5. "Facebook Chief Executive Officer Mark Zuckerberg said on Friday the company was at fault for not removing the page and event for a militia group before two people were killed at a protest in Kenosha and deemed it "largely an operational mistake"". (August 28, 2020)
  6. "Alphabet Inc's Google will stop responding directly to data requests from Hong Kong authorities, the Washington Post reported on Friday, citing an unnamed person familiar with the matter". (August 14, 2020)
  7. "Facebook Inc will restrict content from accounts tied to anarchist groups that support violent acts amidst protests, U.S.-based militia organizations and QAnon, the social media site said on Wednesday". (August 19, 2020)
  8. "Facebook Inc made an "operational mistake" in not acting sooner to remove a page for a militia group that posted a call to arms in Kenosha, Wisconsin, the company's Chief Executive Mark Zuckerberg said on Friday". (August 29, 2020)
  9. "Google urged the European Commission on Thursday to avoid a one-size-fits-all approach to the tech industry in its forthcoming Digital Services Act". (September 3, 2020)
  10. "Facebook France has accepted paying more than 100 million euros in taxes, including a penalty, relating to its accounting years before 2018, French financial magazine Capital reported on its website". (August 24, 2020)
  11. "Social media companies Facebook Inc and Twitter Inc have announced crackdowns on content linked with the unfounded and sprawling conspiracy theory QAnon". (August 29, 2020)
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