Facebook warns staff decelerate significantly vaccine update#
The company said it continues "to expect increased ad targeting headwinds in 2021 from regulatory and platform changes, notably the recent iOS updates." Investors were watching how a new privacy update from Apple would impact its bottom line. Congress unveiled the package of five antitrust bills in mid-June. The company's earnings come after it decided in early June that former President Donald Trump will be suspended from the platform until at least January 2023.įacebook and its Big Tech peers also face potentially new legislation designed to keep them from growing too large and powerful. The Rising Sign or Ascendant sign is a significant part of your. The company's total revenue, which primarily consists of ad sales, rose to 29.08 billion in the second quarter from 18.69 billion a year earlier, beating analysts' estimates of 27.89. 50 Times Signs Were So Funny, People Had To Share Them On This Facebook Page Management. Facebook passed that mark after a US court threw out the Federal Trade Commission antitrust lawsuit against the company, as well as one put forward by state attorneys general.įacebook is the fifth US company to hit the $1 trillion market cap milestone. The company beat Wall Street estimates for quarterly revenue, bolstered by increased advertising spending as businesses build their digital presence to cater to consumers spending more time and money online.
The company hit a major milestone during its second quarter, surpassing a $1 trillion market capitalization in late June. Shares fell about 4.5% in late trading following the release. Facebook’s revenue for the second quarter of 2021 jumped 56, to 29.08 billion, while its net profit doubled to 10. he doesn't see himself slowing down in the near future. User numbers ballooned during 2020, as the pandemic kept people inside and online, but the firm said: "We expect year-over-year total revenue growth rates to decelerate significantly" in the second half of 2021. In the tech world, the big keep getting bigger. 'Until recently, companies could afford to let older workers walk out the door because there. The total number of ads delivered rose 6% year-over-year, Facebook said, while revenue from the segment was up 47%. Facebook's MAU count is tied to its lucrative advertising business.
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