Its $1.74 earnings per share beat expectations of $1.72. The company's stock plunged 20% at one point, taking Zuck's personal net worth down with it.
Investors have been anxious about the continuing brand damage the Cambridge Analytica data hacking scandal is taking on Facebook, a day after it revealed three million European users had stopped using Facebook. Zuckerberg's paper fortune fell by $14.5bn from $86.5bn Wednesday to $72bn on Thursday, sending him tumbling from the third-richest person on the planet to sixth. Investors were spooked by forecasts form the company that revenue growth would continue to decelerate. Its stock was trading at $176.26 late Thursday, down from $217.50 a share before the report was released. And slower growth on the primary Facebook platform doesn't overshadow growth on its other holdings, they say.
He said in April: "But it's clear now that we didn't do enough to prevent these tools from being used for harm as well".
All these problems are hitting amid a harsh truth for the company: Facebook, the social network with 2.23 billion active monthly users, can't grow forever.
Facebook has shown that it can not sail forever forward while facing various storms, including Cambridge Analytica and the Russian government's use of the social media platform to sow divisions amongst Americans during the 2016 presidential campaign. Facebook and Instagram ad spending through 4C rose 48 percent year over year, according to Goldman.
Amazon's stock is already up almost 72 per cent in the previous year and Amazon is getting closer to surpassing iPhone maker Apple as the world's most valuable company.
Meanwhile, Facebook is also still coming to terms with the European Union's new privacy laws and the impact the rules will have on the business. The loss of users - the whole reason for the network effect, the reason Facebook can charge advertisers so much money - is what Facebook needs to overcome.
Investors were also concerned by figures which showed the number of active users has also grown less quickly than expected. All users had to affirm consent to its data collection practices before being allowed to continue to use Facebook. Instagram now has more than 1 billion users, and analysts expect it to be a model for how Facebook molds its other big app purchase, WhatsApp, into a lucrative business. But Facebook, which reported sales growth averaging 50 percent the past 10 quarters, may just be lowering the bar so it can win back confidence in future quarters. "Looking beyond 2018, we anticipate that total expense growth will exceed revenue growth in 2019".
The Enquirer never ran the story , a fact that many argue strongly suggests that the tabloid killed it at Trump's behest. Reuters was unable to verify the entire exchange between the two men because of the poor sound quality of the recording.
Black Ferns Sevens captain Sarah Goss echoed Mikkelson's sentiment, with fond memories of victories in Moscow and Gold Coast. Blyde opened the scoring in the final for New Zealand , who weathered some ferocious French tackling before cutting loose.
Becker was unveiled as Liverpool's new No 1 last week and, in the process, became the most expensive goalkeeper in history. So, too, do Manchester City and Manchester United , who Liverpool will face in the final games of their USA tour.
Mara noted that Trump also directed violent language toward North Korea - before meeting with Kim Jong Un in Singapore. Iran has rejected talks with the U.S. , and Mr Rouhani has accused the USA of stoking an "economic war".
He defended his aggressive stance again on Tuesday, saying it was bringing other governments to the negotiating table. Department of Agriculture said the amount is in line with the $11 billion estimated impact of tariffs.
Well, according to David Kaplan of NBC Sports Chicago, the man who was vilified had given the boy a baseball earlier in the game. CBS News reached out to the Cubs but could not independently confirm Kaplan's account.
They're angry that the Justice Department hasn't agreed to appoint a second special counsel to investigate the first, in Mueller. The last time the House actually voted to impeach an executive branch official other than a president was 1876 .
The news came about a month after Lovato released a song called " Sober ", in which she alludeD to relapsing from sobriety. Since news about Lovato's overdose broke, fans and fellow celebrities have tweeted their support for the struggling singer.
Demi Lovato has been taken to hospital after TMZ reported that the singer was suffering from what seemed to be a heroin overdose. Lovato previously completed a stint in rehab at age 18 for drugs, self-harm and an eating disorder before recovering in 2012.
But, of course, that all changed following the publication of the Post-Dispatch's investigation. "I didn't like it". "It was fake. On a recent Saturday night, a posting showed two women in their 20s in Gargac's black Chevrolet Silverado.
Iran and the USA have been at each others throats after the Washington axed their nuclear deal with Tehran . Wazne said Iran could well go to war to protect its oil exports , the foundation of its economy.
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Trump or his attorneys come forward today, right now and claim there are no other tapes?" The tabloid never published the story. The tape details payments made to porn stars that President Tump had affairs with months before the 2016 presidential election.
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Revenues meanwhile jumped 26 percent from a year ago to $32.7 billion, better than most analysts expected. Google's Other revenues -which now includes the smart thermostat business Nest - were $4.23 billion.