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Facebook beats earnings forecast but provides tepid outlook

Facebook beats earnings forecast but provides tepid outlook - SiliconANGLE

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Facebook s Oversight Board overrules the tech giant in four out of five of its first cases

Facebook s left-leaning Oversight Board dubbed the supreme court overrules the tech giant in four out of five of its first cases and says it was wrong to ban nipples in breast cancer post The left-leaning Oversight Board said the social network was wrong to take down post for violating rules on hate speech and harmful COVID-19 misinformation It overturned a decision to remove a post with photos of a deceased child that included commentary on China s treatment of Uighur Muslims The board also overturned a decision to remove an alleged Goebbels quote And it ruled that Instagram photos showing female nipples that the user said aimed to raise awareness of breast cancer should not have been taken down

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Facebook Reports Record Revenue and Warns of Apple s Privacy Changes

First published on Facebook reported record revenue as marketers boosted ad spending during the holidays, while also warning about the possible negative effects on ad targeting from Apple s stricter privacy measures. CEO Mark Zuckerberg said in a Wednesday earnings call that his company increasingly sees Apple as one of our biggest competitors. In Q4 of 2020, Facebook s profit climbed 53% to a record $11.2 billion as revenue increased 33% to about $28.1 billion, per its quarterly earnings report. The company ended the year with a 22% gain to $86 billion in revenue, including a 21% rise in ad sales to $84.2 billion. Facebook. (2020). Facebook Reports Fourth Quarter and Full Year 2020 Results . Retrieved from Facebook Quarterly Earnings Report.

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Facebook sees earnings grow but warns Apple iOS changes could hurt business

Facebook sees earnings grow but warns Apple iOS changes could hurt business
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Facebook Beats Q4 Earnings, Revenue Forecasts But Sees Ad-Targeting Headwinds in 2021

Facebook Beats Q4 Forecasts But Sees Significant Uncertainty, Ad-Targeting Headwinds in 2021 Elaine Low, provided by FacebookTwitterEmail Facebook beat forecasts on both the top and bottom line when the social media giant reported fourth-quarter and full-year earnings after the close on Wednesday, but shares initially plunged in extended trade as execs noted “significant uncertainty” in the year ahead. And on the call that followed, CEO Mark Zuckerberg had some fighting words for Apple, which he increasingly sees as one of Facebook’s biggest competitors. Wall Street analysts had expected per-share earnings of $3.22 on revenue of $26.43 billion Facebook delivered $3.88 a share in earnings on $28.07 billion in revenue. The company also reported average daily active users of 1.84 billion and average monthly active users of 2.8 billion.

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