Facebook Exceeds Forecasts In First Quarter, So Much For #DeleteFacebook

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"We just don't want that association", says Seper, who had been doing most of his advertising on Facebook.

As Facebook prepares to release their first-quarter results this week following the company's most recent user data scandal, investors are focusing on user loss figures and watch for a drop-off in advertiser spending, according to Bloomberg.

Facebook's daily active users in the US and Canada was at 185 million in the latest quarter, bouncing back from a 1 million-user drop in the fourth quarter, an earnings-presentation slide showed. In total, Facebook added 48 million daily users globally during the quarter.

Facebook said monthly active users in the first quarter rose to 2.2 billion, up 13 percent from a year earlier and matching expectations, according to Thomson Reuters I/B/E/S.

Wall Street reacted favorably to Facebook's sales increase and its growing user base, with the company's shares rising 7% in after-hours trading on Wednesday to $170.75. CEO Mark Zuckerberg told shareholders that he expected a drop in user engagement because of the algorithm change, saying: "By making these changes, I expect the time people spend on Facebook and some measures of engagement will go down".

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Both sources who spoke with CNN told the committee about behavior they observed while working in the White House medical unit. In fact, you had President Obama basically saying that Admiral Jackson was poised under pressure, that he should be promoted.

In spite of pledging to roll out GDPR-compliant settings to all Facebook users, the chief operating officer, Sheryl Sandberg, said the settings "would not be exactly the same format".

"Ads is a great business model that's aligned with our mission. this is something that we at Facebook are very proud of, and we think it's the right way to build a service", he said. Facebook previously said it would repurchase $6 billion of stock.

The social network is weathering the fallout from a scandal over data privacy, in which the company's lax policies enabled a Trump-affiliated consultancy called Cambridge Analytica to inappropriately siphon the private profiles of up to 87 million Facebook users. The data debacle came to light late in the quarter, meaning the impact may be felt more in the quarters to come. The company recognizes what it did wrong, what it could have done better, but, most importantly, what it must do now: "From now on, Facebook will do more to keep you safe, and protect your privacy".

A senior IT ministry official aware of the development said that the government wants to send out a "strong signal" to global bodies operating in IT and data platform that any manipulation of data of Indians, in violation of law and privacy norms, will be viewed "seriously".