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lakeelmoleader.com February 21, 2018


Facebook stock falls 4 percent as user time dips, revenue growth slows

01 February 2018, 12:42 | Ruben Fields

By Mark Athitakis Jan 30 2018

By Mark Athitakis  Jan 30 2018

Felder, who works in digital marketing for entertainment websites and has a lifestyle blog, still has the Facebook app on her phone but she's turned off notifications.

We've worked closely with local publishers through the Facebook Journalism Project over the previous year, visiting newsrooms around the world to provide training and support for journalists, as well as building products that work for their publications and readers. "They are completely off Facebook".

The technology firm reported a 47% increase in revenue on the same period past year in its latest quarterly financial results. Facebook still brought in $4.26 billion in profits last quarter. Earnings per share came out below analyst's estimates, $1.21 compared to $1.94 projected.

Shares of the company were down 4.1 percent at $179.25 after the bell.

"While concerns around user engagement and potential adverse impacts of social media remain elevated, monetization trends suggest marketer demand remains robust", Robert W. Baird & Co. analyst Colin Sebastian wrote in a research note.

This change is one of the many signals that go into News Feed ranking. The number of daily active users also was up 14%, rising to 1.4 billion. "I believe that will be good for our community and our business over the long term, too", he said at the time.

"2017 was a strong year for Facebook, but it was also a hard one", said Zuckerberg in a statement.

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Zuckerberg has vowed to fix the issues at the social network, amid concerns it was used as a platform for Russian meddling in the United States elections.

Facebook showed little slowdown in its growth in the fourth quarter, despite recent warnings of increased costs for security and policing content on the social network.

There are politicians, academics and even former executives lining up to tell Facebook what's wrong with it, but Mark Zuckerberg has only ever trusted his own data.

Facebook said local news publishers of all sizes will benefit from the News Feed update.

Zuckerberg, though, this month described Facebook as being at a crossroads, as the world's largest social media network seeks to stem the spread of disinformation in elections and in daily life.

The company its centrepiece News Feed to prioritise what friends and family share, while reducing the amount of non-advertising content from publishers and brands.



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