Facebook Makes $3Billion Profit In 3-Months

At the same time, the number of active users per month increased by 13% to 2.2 billion.

Facebook data breach has snowballed into a major controversy in India with main political parties BJP and Congress accusing each other of engaging the services of Cambridge Analytica to influence elections in the country.

Shareholders sued Facebook in San Francisco federal court in a class action, saying that they suffered losses after the data privacy violations disclosure.

Founder, Mark Zuckerberg said: "despite facing important challenges, our community and business are off to a strong start in 2018".

The ICO has been running a full investigation into Facebook and its data misuse around political advertising.

But, "we also have a responsibility to keep moving forward", he said.

He also told MPs Facebook would consider using facial recognition technology to stop celebrities such as Martin Lewis being used in scam ads without their permission. "We're trying to make a different experience than what you might do on YouTube or these other services".

"People who aren't familiar with how it works may be a little turned off", Roberts says.

Mr Schroepfer said Facebook had legal certification that the data had been deleted in 2015, but admitted he was disappointed by the way Facebook had handled disinformation campaigns on the platform, notably from Russian Federation.

"It excels for us when we're opening new locations", Drew says. In the past year, Facebook hired thousands of people to strengthen its review process and capacity.

Facebook changed its policies in 2014, prohibiting developers from obtaining information about users as well as their friends.

Facebook's shares rose 6.8% in after-hours trading to $170.56. "We think he is the right person". He faced a variety of comments and questions, including a claim that Zuckerberg's social media platform lacks morals.

The MEP discussed the issues of data protection, cybersecurity and misinformation online at a series of recent meetings between a Parliamentary delegation and technology and software companies, including Facebook, in Silicon Valley. "I wouldn't want to work at a company that I didn't believe had integrity". It has not shared the revenue generated by Instagram, the photo-sharing app it owns, and it declined to provide details about time spent on Facebook.

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By June 2018, UK Facebook users will be able to see more about general ads too through a "view ads" button. This is hardly surprising: "Cambridge Analytical didn't work on the referendum", Cambridge Analytical said in a tweet.

He insisted that political advertising represented a very small, low, single-digit percentage of Facebook's advertising revenue, and said such campaigns would soon be made available for viewing in a searchable archive. "No matter what we do, data is being collected".

  • Zachary Reyes