Facebook’s business is booming, but preventing abuse will cut profits

www.theverge.com

Facebook had its biggest quarter ever, with profits up 49 percent for the year. Here are the full quarterly results. Zuck addressed Russian meddling directly, both in a note attached to the earnings release and in comments in a conference call with analysts:

“Our community continues to grow and our business is doing well," Zuckerberg said. "But none of that matters if our services are used in ways that don't bring people closer together. We're serious about preventing abuse on our platforms. We're investing so much in security that it will impact our profitability. Protecting our community is more important than maximizing our profits."

Read more...
Linkedin

Want to receive more content like this in your inbox?