According to the data protection scandals, Facebook deserves much less. According to the company, the net profit fell in the second quarter to 2.6 billion dollars – in the same period of the previous year, there were still 5.1 billion dollars. The share rose in after-hours trading yet at times by up to 1.8 percent. Because, as the experts expected, increased the number of active users of 2.34 to 2.41 billion. Also, the sales revenues increased to 16.9 billion dollars even achieved revenue growth of 28 percent.
Facebook ultimately The significant profit loss, on the other hand, not surprising: a few hours before the announcement of the quarterly figures, the US trade supervisory FTC the internet company because of the affair of the consultancy firm Cambridge Analytica a fierce penalty printed on it. Facebook after a comparison with the authority had agreed to pay $5 billion. The result must still be confirmed by a judge. Facebook had already announced that three billion dollars. The FTC was also due to a lack of data protection further allegations against the company.
The updated data protection regulations in April 2018 had “tens of millions of users” about informed consent in the face recognition on photos “deceived”, it says – because a corresponding function is active by default, but as such was not easy to recognize. In the second quarter, the group is also 1.1 billion dollars for potentially higher tax payments as a consequence of another dispute. In addition to the quarterly figures, Facebook announced that the FTC antitrust legal action against the company also does. What exactly will be studied, however, Facebook has not been informed by the FTC.