Despite a stellar Q3, 2 forces could clip Facebook's future results

Despite a stellar Q3, 2 forces could clip Facebook's future results

Despite a stellar Q3, 2 forces could clip Facebook's future results

Menlo Park, California-based Facebook's third-quarter profit surged to $4.71 billion or $1.59 per share from $2.63 billion or $0.90 per share previous year. Daily active users, a metric closely watched by analysts and investors, rose 16% to 1.37 billion, compared with the year-earlier period.

The increase in security comes after Facebook, along with other tech giants, Amazon and Twitter, testified before Congress about the Russian ads meddling with the US 2016 Presidential elections. But none of that matters if our services are utilized in ways that do not bring people closer together.

Alongside video and long-term initiatives in augmented and virtual reality, artificial intelligence, and connectivity, Facebook said "sizable security investments in people and technology to strengthen our systems and prevent abuse" would represent one of the company's major drivers of expense growth in 2018.

He added by saying, " We're investing so much in security that it will impact our profitability. "Protecting our community is more important that maximizing our profits".

Los Angeles Chargers hang tough, but fall to Patriots in Foxborough
Coming into the game, New England had scored on 53.33 percent of their red zone visits in 2017, only 16th-best in the league. It certainly seemed as though they could pull the upset as the Patriots came out a bit stagnant.

Facebook shares that ended the day up 1.4 percent to $182.66 but retreating in after-market trades to $179.25.

Facebook Inc. (FB) shares ticked up in the extended session Wednesday after the social networking company beat earnings and revenue expectations.

The world's number one social network along with Twitter and Google is under pressure from USA politicians over its role in the last presidential election. Further breakup of the advertising revenue suggests that mobile advertising contributed around 88%.

Investors, however, it seems did not like the profitability outlook as the stock was down in after-hours trading despite the fantastic earnings report. "Facebook plans to raise the standards of transparency for political ads on the site, rolling out a tool to let users see all of the ads a page is now running, and also an archive of political ads the advertiser has run in the past".

Death toll rises to 14 in Mogadishu bombings
Police said earlier a suicide vehicle bomb had been rammed into a hotel and a former government building had been attacked. Its sister hotel, the Nasahablod, was targeted by Al Shabab in a similar attack that killed 11 people in June a year ago .

Facebook's top lawyer, Colin Stretch, told USA lawmakers this week that the company planned to add roughly 10,000 more employees to aid its efforts to eradicate fake news, misinformation, and state-sponsored efforts to sway public opinion.

"I asked specific questions, I got vague answers, and that just won't do", she told the companies.

The hearing was the second in Congress this week in which social media and internet firms have been called to explain how fake news and other disinformation was allowed to spread during the election campaign.

"I'm dead serious about this", Zuckerberg said.

Sophia The Robot Becomes First Robot Granted Citizenship
After introducing herself and demonstrating her "expressive face", Sophia explained why she needed the ability to show emotions. Sophia was created by David Hanson for Hong Kong company Hanson Robotics , which is known for making human-like robots .

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