- Facebook Inc on Wednesday blew past Wall Street profit estimates in the first quarter and set aside $3 billion to cover a settlement with U.S. regulators, calming investors who had worried about the outcome of a months-long federal probe.
Total first-quarter revenue rose 26 percent to $15.1 billion from $12.0 billion last year, again beating analysts’ average estimate of $15.0 billion. Executives said in a conference call with investors that they expected expenses to grow 47 to 55 percent this year, updating their earlier forecast of an increase of 40 to 50 percent.
Even once the FTC probe is resolved, other challenges remain. The number of Facebook users barely budged in the United States, Canada and Europe, indicating saturation in the company’s most lucrative markets. The company launched a sales system last month that enables users to purchase products directly on Instagram and is testing a WhatsApp payments system in India that it plans to roll out to other countries, Chief Executive Mark Zuckerberg said.
realDonaldTrump could use that for his privacy wall
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Facebook beats profit estimates, sets aside $3 billion for privacy penaltyFacebook Inc on Wednesday blew away Wall Street profit estimates in the first quarter as it kept a lid on the costs of making its social networks safer, and set aside $3 billion to cover a settlement with U.S. regulators, calming investors who had worried about the outcome of a months-long federal probe Cool What is a 5 billion fine? Just part of the cost of doing business.
Source: YahooNews - 🏆 380. / 59 Read more »
Facebook Sets Aside $3 Billion to Cover Expected FTC FineFacebook sets aside $3 billion to cover expected FTC fine, posts 26% rise in first-quarter revenue. Shares rise after hours. That company is on a downward spiral. Most people I know who now actively use it are over 45. Good work ! We also use InstaCryptoNews for fresh news Where does the FTC do with the anticipated $3,000,000,000.00? That’s a ton of cash.
Source: WSJ - 🏆 98. / 63 Read more »
Here's why Facebook is paying a fine of $3 billion to $5 billionAs part of a 2011 agreement with the FTC, Facebook agreed to get users' consent before sharing their data with third parties, like Cambridge Analytica. Omg that's big money SAI Fine them $10 Billion Your title makes it sounds like a certainty but this is not a sure thing, not yet at least. I honestly don’t think will happen.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Baby T-Rex on sale for $3 million on eBay sparks outrageThe remains were found in a marsh in Hell Creek Formation in Montana in 2013, according to its owner. We live in a very strange time.. baby rex do do do do do do It’s because they couldn’t get any DNA out of it to regrow it?
Source: NBCNews - 🏆 10. / 86 Read more »
SEC fines Prosper Funding $3 million for overstating net returns to investorsThe Securities and Exchange Commission on Friday said Silicon Valley-based Prosp... Because thats FRAUD and its a crime
Source: Reuters - 🏆 2. / 97 Read more »
Here is the most expensive and fastest production car in existenceCNBC's Robert Frank reports from the New York International Auto Show about a new $3 million hypercar. Woah!!! I was the smartest kid in school, even studying human sexuality at university to be more than proficient in that subject knowing more than any of my peers. Now I'm like some exotic weapon hanging on the wall that only Military Intelligence uses; I'm not suitable for civilian use.
Source: CNBC - 🏆 12. / 72 Read more »
Former KKR Executive Alexander Navab Aims to Raise $3 Billion for New Buyout FirmAlexander Navab, a former senior executive at KKR, is launching a buyout firm that will focus on midsize-to-large transactions, seeking to take advantage of an area of the market where he sees less competition. be the part of the wall street jounal
Source: WSJ - 🏆 98. / 63 Read more »
How The Bidens Earned More Than $3 Million While They Were In The White HouseThe Bidens made over $3 million while Joe Biden served as vice president. Anyone employed and being paid 100k / year by the US government should forgo SS benefits until they actually retire. Corruption? Pay to play with HRC?
Source: Forbes - 🏆 394. / 53 Read more »
Chicago and Miami are among 5 cities getting a $15 million boost from JPMorgan ChaseEach of the winners gets a $3 million prize to help deal with local challenges. jpmorgan Don't try to give NYC 500 million bucks, AOC will boycott it, because ... ummm, whatever, like, we don't want it. jpmorgan $3m over 3 years? That’s just the local politicians cut here in Chi, where’s the real $$? ;)
Source: BusinessInsider - 🏆 729. / 51 Read more »
Baby T-Rex fossil listed for sale on eBay for $3 millionThe eBay listing, last updated on Tuesday, claims the artifact is 'most likely the only baby T-rex in the world,' adding that the specimen has a 15-foot-long body, 21-inch skull and serrated teeth. finrekt how to make it easy peasy The Society of Vertebrate Paleontology can bid on it if they like. I am sure they have the cash & it's a write off.
Source: CNBC - 🏆 12. / 72 Read more »
How The Bidens Earned More Than $3 Million While They Were In The White HouseHow the Bidens earned more than $3 million while they were in the White House: by mtindera07 mtindera07 pray for Christian s and our country sri Lanka mtindera07 The VP of the USA has a salary of 225K. Meanwhile the Disney CEO makes 65 million and Russell Wilson makes 35 million to play football. Anyone else have a problem with that insanity mtindera07
Source: Forbes - 🏆 394. / 53 Read more »