Facebook, Cambridge Analytica replies were 'cryptic and evasive', slapped with 2nd notice

Facebook reports profit surge, user growth despite scandals

The number of people using Facebook monthly climbed 13 percent from past year to 2.2 billion as of the end of March, despite concerns that users would abandon the network. "Facebook needs to really simplify and clarify the way they use and protect data and allow developers to deal directly with their audience", says Andrea D'Ottavio, the founder of Webing Ltd., an app developer.

Facebook's Cambridge Analytica nightmare - in which a United Kingdom data firm allegedly leaked ill-gotten info about millions of Facebook users - may have rocked the company, but you wouldn't know it by looking at the company's bottom line. Because Facebook's ads are in demand, when the social network constricts the supply ad prices typically rise - and should that happen and prices remain constant or fall, it would likely signal a weaker demand from advertisers.

Facebook's stock was up 7 percent on the back of the report.

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The company's growth does not appear to have been stalled by privacy concerns, although the revelations about Cambridge Analytica and a #DeleteFacebook campaign that followed from some irate users did not occur until late in the quarter, and could be reflected in future earnings. "It was a mistake not to inform people at the time", Schroepfer was forced to concede.

Daniel Ives, an analyst with GBH Insights, said in an investor note Wednesday that the user figures were "a relief given fears of missing this number were running rampant". "We were slow to spot that", Schroepfer said, adding, "I'm way more disappointed in this than you are". There has not been a meaningful trend since, Sandberg added.

In contrast, Europe's General Data Protection Regulations, set to take effect May 25 (http://www.marketwatch.com/story/5-things-to-know-about-europes-new-data-rules-which-could-cost-big-bad-tech-billions-2018-03-21), will have an impact on Facebook's operations. Zuckerberg previously testified for about 10 hours before Congress this month.

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Mr Duterte alleged that some Arab employers routinely abuse their Filipina workers, force them to work up to 21 hours a day and feed them scraps.

He denied that any shortcomings in Facebook approach to political adverts before now had been due to commercial reasons.

He admitted that the company had not known until recently that a current Facebook employee had been the business partner of Aleksandr Kogan, the Cambridge academic who designed the app that harvested user data on behalf of Cambridge Analytica.

Schroepfer said Facebook was doing its best to provide information as and when it had it, and said the organisation had integrity.

Prince William And Kate Middleton's Royal Baby Breaks A Hefty Record
In 2012, Kate first entrusted what William has called her "nightmare" hair to Ms Cook Tucker for a tour of south-east Asia. The statement comes on behalf of the Duchess of Cambridge and himself, it reads: "We are both so pleased at the news".

"Beyond the investments, we're making to secure our platform, we're going to invest even more in building the experiences that bring people together on Facebook in the first place", Mark said.

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