US and Canadian Facebook visitors provided an average revenue per user (ARPU) in the latest quarter of $25.91, the vast majority from advertising, while the ARPU of Europeans was $8.76, according to figures provided by Facebook. The social media company has contended for years with criticism about its content policies, its failure to safeguard private data and its changing rules for advertisers.
Facebookreported on Wednesday that growth in digital advertising sales and in the number of its users had decelerated in the second quarter.
In midday trading Thursday, the company's market value (the number of outstanding shares multiplied by the value of a single stock), fell by more than $122 billion.
A political analytics firm, Cambridge Analytica, acquired the data of tens of millions of Facebook users from a researcher who used a quiz app that was shared on the platform.
While Facebook was fined and CEO Mark Zuckerburg apologised repeatedly, Facebook's reputation has been damaged and it is literally paying the price. In the United Kingdom, especially, Facebook drew the ire of lawmakers, who hit the social network with a $650,000 fine, the maximum amount allowable for mishandling user data.
The drop in European visitors was potentially due to the continuous revelations highlighted there about Facebook's breaches and weaknesses, and the implementation of the European Union and related entities' General Data Protection Regulation (GDPR) in late May. Facebook's shares had gained more than 10 percent over the last month and closed higher at $217.50 on Wednesday, before the company reported earnings. The owner of the world's largest paid online TV network reported slower subscriber growth in the second quarter, and the company's stock has fallen almost 10 per cent since last week. We're starting to see that this quarter.
Facebook Shares Tumble More Than 20 Percent On Poor Earnings
The 19 percent loss in Facebook's stock chopped $119 billion off its market value.
The new laws were only in effect for one month of the quarter, which means the company may feel more of an impact in the current quarter.
Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma, in recent years has trimmed, but not eliminated, the amount of Facebook shares in his clients' accounts, and he said he sees the company as a three-year investment.
"As we have written about extensively, the advertising industry - and digital advertising no less - has limits to growth, which we think is the primary factor constraining Facebook's revenue opportunity", Wieser said in a note after the earnings. The company said headcount was 30,275 as of June 30 - an increase of 47 percent year over year.
The plunge followed Facebook's warning late Wednesday that its revenue growth will slow down significantly for at least the remainder of the year and that expenses will continue to skyrocket.
The Moon will be gradually covered by the Earth's shadow and the totality phase will begin at 1h 00m IST on July 28. A Super Blue Blood Moon rises behind the Camlica Mosque on January 31, 2018 in Istanbul, Turkey.
The national team, for whom he won 103 caps and also the European Championship as a player, came calling in 2012. Although France were crowned world champions, Giroud has flattered to deceive on a personal level.
Some of Iran's military bases in Syria are next to Syrian military compounds, according to the intelligence source. The Syrian government accused the White Helmets of being agents of foreign enemies and working with insurgents.
The princess Charlotte , who has a surprising point in common with the princes George and Louis, and it continues to be noticed. She kept her eye on the press pack as she and the rest of the family headed off for a private afternoon tea at Clarence House.
Djokovic saved three set points before taking the third-set tiebreaker to establish a 6-4, 3-6, 7-6 (9) lead. If you watched the video, Serena's quote was a little different than what the @ Wimbledon tweet reads.
But Isner was playing his first Grand Slam semifinal while the South African was in his second after making the US Open final. Prior to facing the veteran American, Anderson had defeated the heavy favorite and defending champion Roger Federer .
President Donald Trump said the United States was in a nasty trade battle with China, but things would ultimately work out. The United States and China could reopen talks on trade but only if Beijing is willing to make significant changes, U.S.
Bayern Munich president Uli Hoeness even said that Ozil's exit was welcome news, claiming he had been " playing s*** for years ". Before reaching those issues it should be pointed out that Ozil himself can not , of course, escape scrutiny.
Investors are now looking ahead to an important meeting between Trump and European Commission president Jean-Claude Juncker. MSCI's broadest index of Asia-Pacific shares outside Japan .miapj0000pus was up a touch waiting for other markets to open.
Local officials say the attacker detonated a bomb inside a crowded compound where the campaign rally was being held. He has accused Pakistan's powerful security establishment of conspiring against him ahead of the elections.
In February, Lovato told CBS News that her single, " Tell Me You Love Me " was actually about conquering her addiction as well. While police didn't name the victim, TMZ and People identified the victim as Demi Lovato . "I promise I'll get help".
Scientists classified the findings as 11 "normal" outer moons, and another that they are calling an " oddball " for its odd orbit. The orbit of a dozen previously unknown moons around Jupiter are shown here, including the " oddball " discovery, Valetudo.
The Agriculture Department is announcing a $ 12 billion " short-term " plan to help US farmers hurt by retaliatory tariffs. He notes that countries "that have treated us unfairly on trade for years" are coming to Washington to negotiate.
He drove home after the shoot wrapped around 4 a.m., but when he got there, another vehicle was blocking his driveway. TMZ reports , citing unnamed sources, that the men stole around $750,000 in jewelry and more than $15,000 in cash.
Amazon's cloud infrastructure business quietly accounts for almost three-quarters of Amazon's operating income. July 17 was the biggest sales day for smart home devices in Amazon history, with over a million devices sold.
Here's the point: the president has run through a succession of lawyers in connection with the Democrats' many attacks on him. Common Cause says the tape bolstered their argument that Trump knew about the payment and that it was potentially illegal.
Molinari clinched it with a driver that skirted the edge of a pot bunker, leaving him a lob wedge from 112 yards to 5 feet. Oh, yeah", said Woods, who finished the tournament finished tied for sixth, three shots behind playing partner Molinari.
Samsung sent out press invitations for an August 9 "Unpacked" event in NY , where's it's expected to announce the Galaxy Note 9 . In addition to the fresh render leaked by Blass, the first hands-on images of the Galaxy Note 9 have been spotted on SlashLeaks .
Chelsea's pre-season training began under Sarri's predecessor, Antonio Conte . "I hope this initial time can be shortened. Zola spent seven years at the club between 1996 and 2003 and is one of the most popular players in the club's history.
It said that Butina had broken United States law by not disclosing that she was acting on behalf of the Russian government. Butina has previously said her outreach to American political operatives was purely out of a shared passion for firearms.
Expert divers from the Thai Navy SEALs, experienced in conventional diving situations, were faced with an unprecedented challenge. John Volanthen, one of the two British divers who found the boys, played down the gallantry.
She won the grass-court tournament the last two times she played it, in 2015 and 2016, before missing it past year while pregnant. Williams' pregnancy was not without complications, as she told the BBC this week : "It's no secret I had a super tough delivery".