Meanwhile, the company generated $12 billion in revenue during the first quarter of 2018, up 37 percent year-over-year.
"We didn't take a broad enough view of what our responsibility was and that was a huge mistake".
Some small businesses that use Facebook ads to promote themselves and attract new customers are wrestling with whether they need to change strategy after the company's data-misuse scandal. In after-hours trading reflecting the strong earnings report, shares were up sharply, gaining 4.41% to $167.05 as of this writing.
The report detailed how Cambridge Analytica paid a researcher to harvest millions of United States voters' Facebook data using a personality quiz app to try to target them with political advertising. It has not shared the revenue generated by Instagram, the photo-sharing app it owns, and it declined to provide details about time spent on Facebook.
He defended the company's advertising business model, confirmed he wants to stay in charge and disclosed no "meaningful impact" from an online campaign by some users to delete their Facebook accounts.
Seper is concerned that Facebook users, seeing his ads and then viewing other users' political posts or ads, might mistakenly assume they're connected.
He said the company's behaviour was not meant to be interpreted as an attempt to stop the story becoming public, despite letters having been sent to The Guardian in March threatening to sue.
Sweden fail to tempt Ibrahimovic into comeback for the World Cup
Mid-way through April, Ibrahimovic told Jimmy Kimmel Live! that he would be going to the World Cup , but was vague on details. After some back and forth speculation, Zlatan Ibrahimovic will miss the 2018 World Cup with Sweden after all.
The leakage of datas appeared to have caused anxiety across users about Facebook's ability to share their data and indirectly influence their decision.
Kelly said it was crucial the Facebook co-founder made an appearance in Europe to elaborate on the Cambridge Analytica affair.
Facebook reached the 87 million figure by adding up all the unique people that those 270 000 users were friends with at the time they gave the app permission. This may strike critics as manipulation of choice - which it is - but to many Facebook user-consumers, it brings the shopping catalogue to you, rather than you having to fetch or scroll down catalgoues.
Facebook had 2.20 billion monthly active users at the end of March, up from 2.13 billion at the end of December, and significantly higher than the 1.94 billion it ended Q1 of 2017 with.
Others aren't convinced. Oliver Coen, a watch company based in London, gets more than 80 percent of its sales in the USA, and puts half its advertising dollars into Facebook. I don't know what happened.
Schroepfer said: "I believe we are producing more extensive information for both the Electoral Commission and the Information Commissioner".