Facebook CEO Mark Zuckerberg has responded to recently leaked documents & reports about the company: 'My view is that what we are seeing is a coordinated effort to selectively use leaked documents to paint a false picture of our company.'
$29.01 billion vs $29.57 billion expected by analysts, according to Refinitiv.1.93 billion vs. 1.93 billion expected by analysts, according to StreetAccount.2.91 billion vs. 2.93 billion expected by analysts, according to StreetAccount.
Zuckerberg said Facebook will retool its focus on young users rather than optimizing for the larger number of older people. The company announced its plans to break out Facebook Reality Labs into its own reporting segment starting in the fourth quarter. That unit focuses on hardware, augmented reality and virtual reality products. The other revenue segment will come from its family of apps, which include Facebook, Instagram, Messenger, WhatsApp and other services.
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