Cambridge Approach: The Biggest Failure of Investigation on the Critical Crimes Scam Facebook
On July 25, Facebook announced the second quarter earnings on Wednesday, Facebook It found that the share price of the company fell to 21 percent. As a result, Facebook's market value decreased to $ 13 billion.
A CNBC report said that Facebook could not achieve revenue targets by leaking information and spreading false news. Even the analysts did not fulfill the active user's prediction, the organization failed.
In fact, there has been a big fall in the income generated from Facebook advertising. Street account and factsheet predicted, in the second quarter, Facebook will earn US $ 316 million. But they earned a total of $ 304 million US dollars.
Facebook's chief financial officer David Wahner said, "We are focusing on the impact of the product. Especially privacy, which will affect our income growth. '
Facebook reported that daily active users on Facebook increased 11 percent more than last year. Wall Street predicted it was less than that. However, the daily active user in Europe decreased by two million 82 million compared to the last quarter.
Facebook chief executive Mark Zuckerberg said Facebook is now investing more in the privacy sector to keep security and user information safe.