Facebook's privacy scandal appears to have little effect on its bottom Line

#Deletefacebook Didn't Happen: Facebook Grows Users in Q1, Beats Earnings Estimates

Facebook's first-quarter earnings results showed a 50 percent increase in revenue over previous year despite recent controversies over the company's practices. "We face our responsibilities in a broader way and invest to ensure that our services are used properly", said Facebook founder Mark Zackerberg in a statement of. "The core of our job is to build a service which helps millions of people connect with each other around the world every day".

Some small businesses that use Facebook ads to promote themselves and attract new customers are wrestling with whether they need to change strategy after the company's data-misuse scandal.

The number of daily active users on Facebook actually increased 13pc to 1.45bn in March, while the total of monthly active user also increased 13pc to 2.2bn. Cambridge Analytica said in a tweet that it "immediately deleted the raw data from our file server, and began the process of searching for and removing any of its derivatives in our system" after Facebook ed them to let them know data had been improperly obtained.

Facebook saw its first-ever decline in users in the USA and Canada in the last quarter of 2017, but it got back on track in the first quarter of this year ー it reported 185 million users, up from 184 million last year.

Facebook missed opportunities to prevent and then deal appropriately with the data breach at the time.

The Chief Technology Officer also apologised for the way Facebook had handled inquiries from journalists working on the story.

"I understand that Facebook CEO, Mark Zuckerberg, will meet MEPs at the European Parliament next month".

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It has been almost two years since Facebook shares rose 7 per cent or more during a trading day.

Alternatively, it could be that so many people are entrenched in Facebook and its ecosystem, relying on it to stay in touch with school friends and Hugo the happy backpacker they met while finding themselves in Goa during a gap year, that they can't really leave the digital house that Zuck built.

In its reply to the notice issued by the IT ministry, Cambridge Analytica had earlier this month categorically denied using any data of Indians from Facebook.

In the meantime, he said he hoped Facebook could still rely on users to report any suspicious content or misbehaviour on the platform, which includes hate speech and abuse as well as disinformation.

Daniel Morgan, senior portfolio manager at Synovus Trust Company, which holds about 73,000 shares in Facebook said on Thursday, "Everybody keeps talking about how bad things are for Facebook, but this earnings report to me is very positive, and reiterates that Facebook is fine, and they'll get through this".

"For how many years did they say, no one's data has been leaked?" says Vazquez, social media director for Elevate My Brand, an online marketing company based in Los Angeles. It raised questions over the information Facebook compiles on users, makes available to third parties, and what happens to it afterward.

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