Facebook is scheduled to report third-quarter earnings on Oct. 25. The company warned in September that privacy changes Apple made to its mobile operating system will impact advertising growth. Analysts on average expect quarterly revenue to rise 38% year-over-year to nearly $30 billion.
A group of news organizations obtained redacted versions of documents provided to the U.S. Securities and Exchange Commission and Congress by Facebook whistleblower Frances Haugen’s attorneys. Bloomberg reported on Oct. 25 that Facebook had internal data showing teens and young adults in the United States were spending less time on the company's flagship social network.The company is planning to announce a new name for itself on Oct. 28, if not sooner, according to the Verge.
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