Coronavirus: Facebook Warns Of “Increased Engagement” While Locking May Not Last | Economic news


Facebook has reported an increase in the number of users as many of its key jurisdictions have been locked in to fight the spread of the coronavirus.

The tech firm said it saw “increased engagement” in the first quarter of the year but, as Google 24 hours earlier, accepted advertising revenue had taken a hit COVID-19[female[feminine the uncertainty has started.

It reported nearly three billion monthly users, on average, in its family of apps, including Facebook, WhatsApp, Instagram and Messenger at the end of the quarter in March.

May 1, 2018 Facebook CEO Mark Zuckerberg speaks at the annual F8 summit at the San Jose McEnery Convention Center in San Jose, California
Facebook CEO Mark Zuckerberg told investors the company’s focus is on keeping people’s security, information and connectivity.

This is a 10% increase from the same quarter last year.

There were 1.73 billion active Facebook users daily over the same period, an increase of 11%.

Total revenue increased to $ 17.7 billion from $ 15.1 billion – with net profit doubling to $ 4.9 billion – despite a drop in advertising sales in the final weeks of the period , marketing budgets having been reduced in a climate of economic uncertainty.

The company added that ad sales had resumed, remaining stable from the previous year in April, but declined to provide revenue forecasts for the second quarter or the current year, citing l interruption of activities as we know it.

Facebook to warn users against fake news.

Facebook to alert users to “fake news”

The stocks, which gained 7% in normal trade before the results were released, added an additional 9% in extended transactions.

The company said of its record number of users: “People around the world have taken shelter there and used our products to connect with the people and organizations they care about.

“We expect to lose at least part of this increased commitment when various restrictions on on-site shelters are relaxed in the future. “

He said of his efforts to maintain the number of users: “We are making our applications more efficient and adding capacity, while prioritizing improvements in key services, such as real-time video experiences and live streaming of games. “

The company highlighted the creation of its COVID-19 information center built into the application as proof that it was trying to keep people informed and safe during the epidemic following strong criticism that the sector did not not done enough to strengthen security tools and fight harmful content more widely. .


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