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Technology Facebook share inspires: Facebook balance sheet exceeds expectations

10:40  02 august  2020
10:40  02 august  2020 Source:   finanzen.net

WhatsApp shock !: All out! The era of WhatsApp is coming to an end

 WhatsApp shock !: All out! The era of WhatsApp is coming to an end © provided by Bauer XCEL Media Deutschland KG WhatsApp is planning a drastic change ... Facebook bought WhatsApp and Instagram years ago. The US company is now planning to innovate the two apps. We have all the information ... Hardly any app we use as much as WhatsApp . Every innovation is carefully examined. Whether better tools, new smileys or a changed design - the influence that these software updates have on us is sometimes really drastic. The latest change is now really profound .

FB Balance Sheet . Featured here, the Balance Sheet for Facebook Inc, which summarizes the company's financial position including assets, liabilities and shareholder We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other.

Get the annual and quarterly balance sheet of Facebook , Inc. (FB) including details of assets, liabilities and shareholders' equity. Facebook , Inc. (FB). NasdaqGS - NasdaqGS Real Time Price. Currency in USD.

After the US market closes, social media giant Facebook came up with the balance sheet report on Thursday.

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The Facebook boycott by advertising customers in protest against hate speech at the world's largest online network is having an effect. Facebook cited the campaign as a factor in the current sales trend. Company boss Mark Zuckerberg was also forced to make an unusual defense speech when presenting current quarterly figures.

"There is a fundamental difference between how the vast majority of people experience our services and the impression you could get if you just read the comments on Facebook," Zuckerberg complained on Thursday (local time). The vast majority of Facebook usage is that people share their daily experiences with friends, watch entertaining content, or buy and sell things, he argued. "Yet some seem to mistakenly assume that most of the content on our services is about politics, news, false information, or hatred."

Wirecard boss Braun resigns after balance sheet scandal

 Wirecard boss Braun resigns after balance sheet scandal © DPA Markus Braun resigned as Wirecard CEO. shareholder representatives have been calling for Wirecard boss Markus Braun's departure for some time. Now the Austrian, who has built the IT startup into a Dax group and is a major shareholder, throws in the towel. Investors hope for quick clarification. Wirecard CEO Markus Braun resigns in the course of the balance sheet scandal at the Dax Group with immediate effect.

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At the same time, Zuckerberg pointed out that the Facebook business was less dependent on a few large advertising customers than on the mass of small and medium-sized companies such as cafes, restaurants or artisans. During the Corona crisis, many of them temporarily cut back on advertising spending because their shops remained closed - but others also switched to the Internet to reach their customers.

For Facebook, the development meant a significant slowdown in the pace of growth in the past quarter. Revenue grew 11 percent year over year to $ 18.8 billion ($ 15.8 billion). There was similar growth in the first weeks of July. Before the crisis, growth rates of over 20 percent were the order of the day in Facebook's business.

In July, over 1,000 advertisers - including heavyweights such as Coca-Cola and the consumer goods giant Unilever - followed the boycott calls by civil rights groups and temporarily stopped ads on Facebook. The online network earns its money almost exclusively from advertising.

Facebook must make a choice when it comes to the intensity of data usage.

 Facebook must make a choice when it comes to the intensity of data usage. Facebook must offer its users a choice in the future when it comes to collecting and linking data from other Internet services. © Photo: Matt Rourke / AP / dpa The Facebook logo. The Federal Court of Justice (BGH) in Karlsruhe overturned a decision by the Düsseldorf Higher Regional Court (OLG), which delayed the execution of a corresponding decision by the Federal Cartel Office.

Search on Facebook for Business Open side navigation menuClose side navigation menu. Many times, these ads have misrepresented products or expected delivery times, or resulted in negative customer support experiences.

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At the same time, the number of users on Facebook continues to grow rapidly. Another 100 million monthly active users were added in the last quarter - now there are a total of 2.6 billion. 1.79 billion users accessed Facebook every day - 60 million more than three months earlier.

At least one Facebook product - the group also includes the Instagram photo platform and the WhatsApp chat service - attracted 3.14 billion users per month. That was an increase of 150 million within three months. However, Facebook warned that the growth in user numbers would likely slow down if the restrictions on going out were relaxed in different regions of the world.

Almost $ 5.2 billion in profit was about twice as much as in the same quarter last year. At that time, however, earnings were burdened, among other things, by a payment of two billion dollars according to investigations by the consumer protection agency FTC.

After balance sheet scandal: Wirecard reports bankruptcy

 After balance sheet scandal: Wirecard reports bankruptcy Wirecard is broke. The payment service provider wants to file an application to open insolvency proceedings. © Photo: Sven Hoppe / dpa The company headquarters of the payment service provider. After the billion-dollar balance sheet scandal, the payment service provider Wirecard wants to file an application with the Munich District Court to open insolvency proceedings. The company announced on Thursday.

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Zuckerberg criticized that planned measures against tracking web usage for advertising purposes would affect not only Facebook, but much more small businesses, because their ads would then be less efficient. "That would limit the possibilities of small businesses so much that it should probably be felt at the economic level," he said. "Is it really what politics wants amid the pandemic and recession?" Facebook refers among other things to the planned measures to protect privacy in the next version of the iOS operating system from Apple's iPhones, the consequences of which for the advertising business cannot yet be estimated.

Barclays raises target for Facebook to $ 285

The British investment bank Barclays raised the target price for Facebook from $ 275 to $ 285 and left the rating overweight. Sales and operating profit (Ebitda) exceeded expectations, analyst Ross Sandler wrote in a study released on Friday. The social network's advertising business proved to be more resilient compared to most other digital platforms during these recession times.

UBS leaves Facebook on 'Buy' target $ 242

The major Swiss bank UBS has left the rating for Facebook by numbers on 'Buy' with a target price of USD 242. The second quarter went better than expected, analyst Eric Sheridan wrote in a study released on Friday. However, the prospects for the social network remained uncertain. He sees overall negative and positive aspects.

The NASDAQ-listed Facebook share was strong, gaining 8.17 percent to $ 253.67. Editorial staff finanzen.net and dpa-AFX

Coronavirus: Iran exceeds 300,000 cases mark .
HEALTH-CORONAVIRUS-IRAN: Coronavirus: Iran exceeds 300,000 cases mark © Reuters / Wana News Agency CORONAVIRUS: IRAN EXCEEDS 300,000 CASES BAR (Reuters) - The total toll of cases of coronavirus contamination in Iran now stands at 301,530 since the start of the epidemic, the health ministry said on Thursday.

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