A good news for Facebook.
Thursday - April 26, 2018 5:02 pm ,
Category : WTN SPECIAL
There is good news for Facebook. Facebook, which has been facing data leak charges, has made good profits in the first quarter (January-March). Social media company Facebook's profit jumped 63 percent to Rs 32,500 crores. The company's earnings also increased from 49% to Rs 78,000 crores. During this period, the biggest advantage of the company is advertising, which is 49% of the total profit.
After the allegations of data leak, it is clear from this conclusion that this big case has not had any effect on the company's business in the first quarter. Not only this, in March this year, 13% more people used Facebook than in the previous year. Facebook CEO Mark Zuckerberg has expressed happiness over these results.
Since the data leak case was exposed, Facebook's shares had fallen to 14%, but after the spectacular quarterly results, it rose on Wednesday. The share price rose by 4.7% to Rs 10,876. According to a report, this may be the best result of the company so far. The last month's dispute has not had any effect on the company's advertising model.
Here, the company will hire 10,000 people to increase safety features. New recruitments will be made in every part of the world, including content moderators.
It is being said that the data leak dispute came out in March, so it may have been affected by the results of the second quarter. Following the dispute, news of the decline of Facebook was coming to a conclusion and many users had deleted their accounts. It is alleged that during the presidential election in America, personal data of about 50 million Facebook users have been misused. After this election, Donald Trump became President of the United States.
After the allegations of data leak, it is clear from this conclusion that this big case has not had any effect on the company's business in the first quarter. Not only this, in March this year, 13% more people used Facebook than in the previous year. Facebook CEO Mark Zuckerberg has expressed happiness over these results.
Since the data leak case was exposed, Facebook's shares had fallen to 14%, but after the spectacular quarterly results, it rose on Wednesday. The share price rose by 4.7% to Rs 10,876. According to a report, this may be the best result of the company so far. The last month's dispute has not had any effect on the company's advertising model.
Here, the company will hire 10,000 people to increase safety features. New recruitments will be made in every part of the world, including content moderators.
It is being said that the data leak dispute came out in March, so it may have been affected by the results of the second quarter. Following the dispute, news of the decline of Facebook was coming to a conclusion and many users had deleted their accounts. It is alleged that during the presidential election in America, personal data of about 50 million Facebook users have been misused. After this election, Donald Trump became President of the United States.
