Facebook reported strong first quarter earnings today, marking a bit of good news for a company that’s been challenged with a torrent of bad headlines, a Congressional testimony centered on its chief executive, and what has shaped up to be its largest existential crisis to date.
The Cambridge Analytica data privacy scandal came to light late in the first quarter, and therefore we won’t see if it had any substantial impact on Facebook’s business until next quarter. That said, the tech giant was able to recover from the daily active user slump it suffered last year, when its US and Canada DAU number shrank to 184 million and marked the first time Facebook usage has ever decreased in the company’s primary market. The slump was primarily...
from
https://www.theverge.com/2018/4/25/17281224/facebook-q1-2018-earnings-cambridge-analytica-data-privacy-scandal-user-growth
from
https://ifeeltechinc.blogspot.com/2018/04/facebooks-quarterly-earnings-are-bright.html
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