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Facebook users continue to grow despite privacy scandals
BBC News, Thursday 31st January 2019
Despite a series of well publicised data privacy scandals, Facebook said the number of people who logged into its site at least once a month jumped nine per cent last year to 2.32 billion people. Founder Mark Zuckerberg said the firm had "fundamentally changed how we run the company to focus on the biggest social issues". The company's shares have lost almost a third of their value since July when it warned about slowing revenue growth and they remain near a two-year low. But they jumped over 9% in after-hours trading after profit and revenue beat analyst forecasts. Facebook's total profit for 2018 was $22.1bn (£16.9bn), up 39% on 2017.
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