Facebook beat Wall Street expectations on revenue, profit and daily active users, but its stock fell in after-hours trading, after reporting higher-than-expected costs and expenses $FB
) Google, which have both announced new restrictions on browser cookies used to track users online.
That investment began declining last year, leading analysts to believe Facebook was largely finished building out its new systems and beginning to find efficiencies that could whittle costs further. Still, Facebook’s shares rose more than 50% over the last year, raising pressure for a strong performance.
That unique reach keeps advertisers dependent on Facebook’s apps and online ad network. Facebook has also been trying to build out e-commerce offerings in the last year like Instagram Checkout, which make shopping more convenient by allowing users to complete transactions from within Facebook’s apps.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Federal Reserve Leaves Rates Unchanged As Powell Addresses Coronavirus ImpactThe Fed will keep its wait-and-see approach amid improvements to slowing economic growth.
Read more »
Facebook Reports 25% Revenue Growth in Latest QuarterThe social-media giant reported a growing base of users and increasing quarterly revenue, capping a year of rapid but reliable growth in its core advertising business.
Read more »
Decline in UK shop prices eases in January: BRCThe rate of decline in prices on the British high street slowed in January, an i...
Read more »
When Insurance Won't Cover Drugs, Americans Make 'Tough Choices' About Their HealthWith drug costs on the rise — and insurers refusing to cover some prescriptions — even patients with insurance can find themselves facing high out-of-pocket costs or going without.
Read more »
Microsoft set to report earnings after the bellMicrosoft is positioned to benefit as companies migrate to its Windows 10 operating system, but analysts project slowing growth in the Azure cloud business.
Read more »
Facebook Revenue Climbs 25% in Q4 to $21 Billion, Stock FallsFacebook turned in another massive quarter — reporting a quarterly record $21.08 billion in revenue for the fourth quarter of 2019, and announcing that its core app now reaches 2.5 billion us…
Read more »