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American Facebook, which owns the world's largest social network of the same name, reported that in the first quarter its net profit due to payments made for possible payments fell by 51% compared to the same period last year to 2,430 million dollars. Excluding one-time factors, profit was at the level of 1 dollar 89 cents per share, which is higher than the experts' forecast of 1 dollar and 62 cents per share. At the same time, revenue for the year increased by 26%, reaching 15 billion 80 million dollars. The expenses of the company during the earnings period increased to 8 billion 760 million dollars against 6 billion 520 million a year earlier. In connection with the investigation by the Federal Trade Commission about the use of user data on Facebook platforms, the company reserved $3 billion for possible payments. In the first quarter, the number of network users grew by 8% to 2 billion 380 million people. The company increased advertising revenue by 26%.
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
Renault SA (RENA.PA) announced on Monday that its global car sales fell by 34.9% in the first half of the year due to the impact of the coronavirus pandemic. However, the company said that it had seen some signs of recovery in June. The French ...
On Thursday, the European Court of Justice (ECJ) rejected the validity of the data transfer mechanism used by the European Union and the United States which could facilitate the transfer of data from both countries. The data transfer tool ...
American multinational automaker Ford Motor Co. (F.N) announced on Thursday that its vehicle sales increased by 3% from April to June in mainland China. It would be the first time that the company's first quarterly sales rose in the world's ...
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