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Facebook has money to clean up its act

In Internet on 28/04/2018 at 4:36 am

But will it? I doubt it.

Peter Eavis’s take: If Facebook wants to spend more on protecting its community, it can: Its operating earnings are equivalent to 46 percent of its revenue. But its expense numbers haven’t provided clear evidence that the company is going the extra mile yet.

More from NYT’s Dealbook

Facebook can afford to clean up its act
The tech giant has promised to spend a lot of money on improving its operations after the Cambridge Analytica scandal. It’s not yet clear quite how much — Mark Zuckerberg told analysts yesterday that the company was still working on making its products “good for people and good for society.” And his chief technology officer, Mike Schroepfer, told U.K. lawmakers this morning that Facebook would vet British political ads next year.
What’s now apparent: These controversies are yet to hurt the bottom line.
Facebook’s first-quarter earnings featured a 63 percent jump in profit and a 49 percent rise in revenue. And roughly 70 million new monthly active users.
Peter Eavis’s take: If Facebook wants to spend more on protecting its community, it can: Its operating earnings are equivalent to 46 percent of its revenue. But its expense numbers haven’t provided clear evidence that the company is going the extra mile yet.
The key assessment, from the Pivotal analyst Brian Wieser:
“All the data privacy issues, the congressional hearings, none of that will get as much scrutiny from investors as the bottom line.”
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  1. Like I said … the Zuck no dummy & billions still want to suck his cock. Forget about hoodie, he better wear crotchless pants.

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