Facebook lost $ 120 million of its market value

The company announced Facebook recently announced its financial results for the third quarter, these results were worse than expected to the decrease of the company’s shares, which led to a decrease in market value of $ 120 million.

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The company said it achieved revenue of $ 13.23 million and $ 1.47 million daily active users. Both figures were below analysts ‘ expectations, which had revenue of $ 13.36 billion and daily active users of 1.49 billion.

This loss wasn’t unexpected at all, though the local forecast. He has warned Mark Zuckerberg and other company officials for months that efforts to reorganize the home page of the company’s social and new regulations will eventually lead to lower growth, as indicated by Zuckerberg to invest heavily in the area of security, will impact significantly on profitability.

I didn’t grow daily active users in the social network at all in the United States of America as well as in the advertising market, and lost the company many of the users and profits in Europe as a result of new privacy rules, even in other areas where youth funding, the growth is slower than the previous chapters.

 

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