"I am dead serious about this," Mark Zuckerberg CEO of Facebook told analysts in his opening comments on increasing security measures on the social network. "I'm talking about this on our earnings call is that I've directed our teams to invest so much in security on top of the other investments we're making that it will significantly impact our profitability going forward, and I wanted our investors to hear that directly from me," he added. Facebook reported a 47% year-on-year (YoY) increase in total revenue to more than $10 billion in the quarter. "But none of that matters if our services are used in a way that doesn't bring people closer together, or if the foundation of our society is undermined by foreign interference," Zuckerberg said. In the backdrop of Facebook being used to manipulate US elections in November 2016 by Russian actors, he added that the company would not stand for how their tools were used to sow discord. "We built these tools to help people connect and to bring us closer together, and they used them to try to undermine our values. What they did is wrong, and we are not going to stand for it," he stated. The earnings call was dominated on measures Facebook will be taking for increasing security. Here are some of the highlights from the call: Increase in headcount Facebook will be increasing its headcount from 10,000 to 20,000 to enforce community standards and review ads. He added that it will be investing…
