Privacy fine set-aside dents Facebook’s profit 0 SHARES Share it! The leading social network logged a profit of $2.4 billion — down 51 percent from a year earlier — on revenue that climbed 26 percent to $15.1 billion in the first three months of this year. Profits would have topped Wall Street forecasts if not for the money put aside for the expected FTC fine. She advised advertisers to view the FTC fine revelation as a significant development that could bring about changes affecting the way they can use the social network for marketing. Zuckerberg renewed his call for consistent, global regulation regarding data privacy, acceptable content, free speech, and election meddling rather than leaving such decisions to private companies.

Source: Manila Bulletin April 25, 2019 02:34 UTC