What Facebook crisis? Ad sales skyrocket to $11.8 billion, users don't #delete



The government had to make this pointedly clear because the American social networking platform has already admitted that almost 5.62 Lakh Indians were "potentially affected" by the data breach incident, however, Cambridge Analytica continues to be in denial to reveal any such data and it still claims that it does not have any Facebook data on Indian citizens.

According to the earnings release, Facebook increased its workforce by a massive 48% to 27,742, compared with the year-earlier quarter.

He added that the firm is "taking a broader review of our responsibility".

Facebook Inc. continued to add users and saw revenue soar in the first quarter despite facing its worst crisis in company history over the mishandling of personal data belonging to millions of unsuspecting users.

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The better-than-expected results propelled Facebook shares 7 percent higher in United States after-hours trade, with investors relieved that the social network giant appeared unscathed financially despite getting caught up in a user data misuse controversy.

The bump in figures also testified to the resiliency of the company's targeted ad-based business model.

Facebook data breach has snowballed into a major controversy in India with main political parties BJP and Congress accusing each other of engaging services of Cambridge Analytica to influence elections in the country. Zuckerberg said that the company didn't view those services as means of charging for payments, but that messaging apps "can be a more transactional medium than feed". "And that will be very valuable for businesses". Since the Cambridge Analytica scandal broke two weeks earlier, meaning the full effect of the fallout may not be reflected. In January, Zuckerberg said the company would give posts and other content from members' friends and family a higher priority than material produced by third-parties such as news organizations, marketing companies and other for- and nonprofit corporate pages. Executives did not directly answer the question.

Facebook also has plenty of properties where it's starting to make more money beyond the main social network, like the popular chat apps WhatsApp and Messenger and the photo-sharing app Instagram, which is expected to reach a billion users this year.

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Zuckerberg previously said he supported the new regulation "in spirit, " and noted that the social media giant had added privacy settings for all users worldwide that complied with the European Union rule.

Facebook faces a specter of regulation at home and overseas. Meanwhile, it's working to address new privacy regulation from Europe, which Facebook has said could reduce the amount of daily users from that region.

Of the handful of advertisers who stopped spending on Facebook in late March- a group including Mozilla, Sonos and Commerzbank - one has since resumed advertising on the platform, Chief Operating Officer Sheryl Sandberg said on a call with investors.

"I don't know if we really see a doomsday scenario here", Wehner said. "And what's most important in winning budgets is relative performance in the industry".

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