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Facebook grows profit 7% in Q4 after sharp rise in operating costs, taxes

2020-01-29 22:52:00| Telecompaper Headlines

(Telecompaper) Facebook reported a stronger increase in costs than revenue in the fourth quarter, leading to a slowdown in its profit growth. Revenues were up 25 percent to USD 21.1 billion, while operating costs jumped 34 percent to USD 12.2 billion. Along with a sharp increase in taxes, net profit rose just 7 percent, to USD 7.3 billion or USD 2.56 per share. 

Tags: costs operating rise profit

 

Coronavirus: Facebook staff told to avoid China travel

2020-01-28 08:07:29| BBC News | Business | UK Edition

The social media giant has become the first big American company to tell its employees not to travel.

Tags: travel china staff told

 
 

Twitter and Facebook accounts for 15 NFL teams hacked

2020-01-28 02:26:05| BBC News | Business | UK Edition

The American football teams were targeted by a group that said the accounts had lax security.

Tags: accounts teams nfl facebook

 

Facebook facing EUR 5 mln Italy fine for 'non-compliance'

2020-01-24 10:43:00| Telecompaper Headlines

(Telecompaper) Italian antitrust watchdog AGCM has launched proceedings against Facebook for its failure to comply with an earlier order regarding improper commercial practices in the social networking giant's methods of collecting and using personal data. In a statement, the agency said Facebook had not heeded its request to properly inform users about the collection and use, for commercial reasons, of the data they release and could be fined up to EUR 5 million for "non-compliance", as recently confirmed by the Regional Administrative Court of Lazio.

Tags: eur fine italy facing

 

What can you use instead of Google and Facebook?

2020-01-24 01:31:24| BBC News | Business | UK Edition

More and more companies are promising privacy online and an alternative to the big internet firms.

Tags: google facebook

 

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