Facebook, Mark Zuckerberg, Cryptocurrencies, Cambridge Analytica, Privacy, Social Media, Technology Sector

Facebook, Mark Zuckerberg

As the controversy mounts, Facebook still seems to click

As the controversy mounts, Facebook still seems to click

21.7.2019

As the controversy mounts, Facebook still seems to click

The social media giant is set to unveil its second-best results this week, despite a privacy ruling and fears over Libra

Neither does the company yet appear to have been affected by the backlash against Libra, the digital currency it hopes to launch across the world. Regulators and politicians – from US Democratic presidential candidates to the Bank of England’s Mark Carney – have promised to make Libra one of the most heavily scrutinised technology launches in history.

The California-headquartered company is expected to reveal profits of $5.4bn for the three months to June, according to an average of estimates collected by S&P Global Market Intelligence. If the analysts are correct, that would represent Facebook’s second-best quarter on record, beaten only by the bumper $6.88bn profits made in the final three months of 2018.

It may not all be plain sailing. The potential for a jolt was underlined last week by Netflix, after the streaming service, also listed with Facebook on Nasdaq, fell short of its own forecasts for new subscribers, according to Alex DeGroote, an independent media analyst.

“They [tech firms] do hit speed bumps, and sometimes it can be quite abrupt,” DeGroote said.

Read more: The Guardian
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Mr m face book please can you send me some money to pay my house lent please help please help me Like the middle shelf pasta aisles in our supermarkets lol As controversy mounts, people continue to be stupid. Just market this to offset the issue! Addiction. FB rulled by a crook selling our informations? who will be stupid enough to buy the 'currency'

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The Great Hack: the film that goes behind the scenes of the Facebook data scandalThis week, a Netflix documentary on Cambridge Analytica sheds light on one of the most complex scandals of our time. Carole Cadwalladr, who broke the story and appears in the film, looks at the fallout – and finds ‘surveillance capitalism’ out of control Looking forward to it.

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