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Facebook lifts revenues 22% in Q3 on higher-than-expected ad performance, sees headwinds from regulations ahead

2020-10-30 09:15:00| Telecompaper Headlines

(Telecompaper) Facebook reported another set of solid figures for the first quarter, helped by a higher-than-expected growth in advertising sales as people continue to go online more for their shopping amid the coronavirus pandemic. The company noted a number of headwinds however coming ahead, as the number of daily and monthly active users in the US and Canada start to normalise after their peaks in the past quarters. Online shopping trends, and their consequent boost to ad revenue, may change or return more to previous levels. The company also sees targeting and measurement headwinds next year from platform changes, such as on Apple iOS 14, as well as from regulatory changes. Finally and not least, the company said it will closely be monitoring the impact regulation changes in Europe about data transfers may have on Facebook and other companies in the industry.

Tags: performance ahead regulations sees

 

For Amazon, Apple, Facebook and Google business is booming

2020-10-29 22:46:48| BBC News | Business | UK Edition

Latest sales and profit figures from America's big tech companies exceed Wall Street expectations.

Tags: is business google amazon

 
 

Facebook sued over Cambridge Analytica data scandal

2020-10-28 19:32:48| BBC News | Business | UK Edition

The company is accused of misusing almost one million users' data in England and Wales.

Tags: data cambridge facebook scandal

 

Facebook, Twitter and Google face questions from US senators

2020-10-28 18:59:49| BBC News | Business | UK Edition

Heads of Facebook, Google and Twitter defend a key piece of internet law, in front of senators.

Tags: us questions google face

 

Facebook launches cloud games in beta for Android, web

2020-10-27 09:00:00| Telecompaper Headlines

(Telecompaper) Facebook has announced the launch of games on its Facebook app and browser. The games, based in the cloud, don't need to be downloaded and are immediately playable, with no special hardware or controllers. The games will be as accessible as the instant ones in HTML5. The service, tested on 200,000, have launched in beta on Andoid and on the web (fb.gg/play) but will not be available on iOS for the moment. This is due to Apple's new games policy, the company said.

Tags: web games beta cloud

 

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