[RINO Hard: Facebook Profits Jump 17 Percent https://www.foxnews.com/opinion/2019/02/07/are-facebook-chicken-feeds-our-national-security-1-15680820
“So far that tactic has failed to stop Facebook’s growth, as the company said revenues for the December quarter jumped 17 percent to $16.8 billion,” according to the Associated Press. “Profits climbed 14 percent to $5.7 billion.
As the AP points out:
Facebook’s results during the December quarter beat Wall Street expectations as higher revenues more than made up for recent controversies about its handling of personal data and its ability to stop extremists and hate groups from advertising.
Several congressional hearings in recent months have also painted a picture of Facebook’s most pressing problems. That’s caused investor pressure on the company to grow more aggressive in its efforts to weed out abuse while squeezing more money out of users.
But it hasn’t slowed growth: The number of monthly active users ticked up by 1 million, to 2.2 billion.
The narrative that Facebook’s users are slowly abandoning the social media network may be exaggerated: Over 85% of the users who visit Facebook are active on a given day. The biggest increase came in countries like India, Indonesia, Mexico, Brazil, and the Philippines. They were Facebook’s “strongest” contributors in terms of increased daily active users.
Meanwhile, Facebook is meeting the moment with new ads.
A page advertises an air ticket on Instagram which happens to be used by a Facebook Page, implying that the advertiser might be on both websites. The ad is accompanied by an Instagram billboard for a promotional event taking place that night in San Francisco. Advertisers are increasingly taking advantage of Instagram’s paid-for posts to advertise alongside users’ posts and liking their page.
These are some of the points made in a new report that TaskRabbit and Stripe have raised with Facebook. Today, I think it would be too early to say that Facebook is a necessary evil. But not yet. I’m still waiting for them to reveal more truth about their impact on our personal lives and society.
Arielle Ford is a contributor for Truth@Work and author of an upcoming book about the Left’s lost causes called “Skeptical Prosperity.” She is president of the Foundation for Economic Education. Follow her on Twitter: @ArielleFoxBusiness.