Despite two years of scandals, Facebook is still running 'almost flawlessly.' There's no sign of that changing.
Facebook Chief Executive Officer Mark Zuckerberg testifies before the House Financial Services Committee on Capitol Hill in Washington, Wednesday, Oct. 23, 2019, to discuss his plans for the new cryptocurrency Libra.FacebookOver the past two years, the social networking firm has been wracked by scandals — but this hasn't meaningfully damaged its fundamental business.
On Wednesday, Facebook will report its third-quarter earnings, and industry watchers are largely expecting another solid quarter.Despite non-stop scandals — from Cambridge Analytica to its role in spreading hate speech in Myanmar that helped fuel genocide — the Silicon Valley social networking giant has continued to be a ruthlessly efficient money-printing machine, generating billions in profits and consistently growing its user base.
The positivity from industry watchers ahead of the $540 billion company's earnings highlight the array of business opportunities still open to the company, 15 years after Facebook was formally founded — and how negative headlines and regulatory scrutiny surrounding Facebook are shrouding consistently strong fundamentals.
Today, the most prominent spectre looming over Facebook is likely the possibility of antitrust action. This could strike at the heart of the company's business in a way that previous scandals and regulatory issues have failed to do.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Adriel Hampton runs for CA governor to run false Facebook ads - Business InsiderFacebook exempts political ads from fact-checking — and a left-wing activist from San Francisco plans to take advantage of this.
Lire la suite »
WOMEN-OWNED-BUSINESS MONTH: Women entrepreneurs share their top tips and strategies for running their companies, and how to be a successful leaderBusiness Insider profiled female entrepreneurs, interviewed experts, and reviewed research highlighting major opportunities and challenges.
Lire la suite »
Facebook is officially testing its news aggregation section Facebook News - Business InsiderFacebook began testing a news aggregation section, Facebook News, which will provide a curated selection of articles from about 200 publishers.
Lire la suite »
Column: California fires show it's private enterprise, not government, that can't get things rightCritics of public sector inefficiencies have long declared that 'government should be run like a business.' A business such as, say, Pacific Gas & Electric?
Lire la suite »
Netflix is testing a variable playback speed feature on mobile - Business InsiderNetflix told Business Insider that it's 'always experimenting with new ways to help members use Netflix' and that it may not become permanent.
Lire la suite »
Macquarie is slashing 100 equity trading jobs in London and New York this weekA source told Business Insider that the bank will focus on its home turf in the Asia-Pacific region.
Lire la suite »