Sales shrank by 4 percent compared with the same period a year earlier; Net profit at $4.4 billion is 52 percent lower than the $9.2 billion made a year earlier
Facebook Advertising
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augmented reality
Instagram puts ads in augmented reality as facebook revenue declines
Instagram launched a beta version of its augmented reality (AR) advertisements, which will be available in both users’ feed and Stories in the app
Australia
Facebook hides ‘likes’ in trial to ease anxiety
Account holders across Australlia will also be blocked from viewing the number of reactions and video views on other people’s posts
Facebook
Facebook removes a record 2.2 billion fake accounts
In the final quarter of 2018, Facebook disabled just more than 1 billion fake accounts and 583 million in the first quarter of last year
California
Privacy fine set-aside dents Facebook’s profit
Facebook logged a profit of $2.4 billion – down 51 percent from a year earlier – on revenue that climbed 26 percent to $15.1 billion in the first three months of this year.
Facebook
Facebook at 15: a titan with grown-up woes
Fifteen years after its founding, Facebook has made strides toward Mark Zuckerberg’s goal of connecting the world
AUD
Facebook partners with AUD on work experience programme
The program will introduce students to partners for internship opportunities and provide them with real-life experience before they are hired for full-time roles