Facebook increased MAUs by 8% YoY to 2.5 billion globally, and increased DAUs by 2.4% YoY to 1.6 billion, which was led by growth in India, Indonesia and the Philippines. ARPU increased to $8.25 in Q4FY19, from $7.26 in the previous quarter. Facebook, Messenger, Instagram, and WhatsApp together had 2.2 billion DAUs and 2.89 billion MAUs. ARPU from all four services was $7.38, up from $6.33 in the previous quarter. Net income, revenue both grow: Facebook’s net income grew 7% to $7.3 billion, and operating margins fell from 45% over 2018 to 34% for 2019. Facebook brought in $21.08 billion in revenue, up 25% YoY. CFO David Wehner, during a call with investors said that Facebook is expecting a slight decline in revenue in the next quarter due to the “increasing impact of from global privacy regulation,” among other things. He also confirmed that the company has agreed to pay a $550 million settlement for violating the Illinois Biometric Information Privacy Act. Zuckerberg said that the GDPR and CCPA would affect how much data Facebook collects from third-parties, and Google and Apple will also hinder that data collection because of their own product announcements (Sign in with Apple, for instance). Total ad revenue: Q4FY19 total ad revenue was $20.7 billion. On a regional basis, ad revenue growth rates were strongest in Asia Pacific and Rest of World, which grew 33% and 28%, respectively over last year. Europe and U.S. and Canada grew more slowly at 24% and 22%, respectively compared to…
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While Chandrasekhar said the advisory doesn't include startups, the advisory itself does not make any such classification based on platform sizes.
Europe fines Apple €1.8 billion in Spotify antitrust probe, orders it to remove anti-steering provisions
The case dates back to 2019 when Spotify filed a complaint against Apple's anti-steering rules which prevented apps like Spotify from informing their users...
Communication Ministry launches Digital Intelligence Platform for collaborative action against cybercrime
DIP contains information regarding cases detected as misuse of telecom resources and acts as a back-end repository of all requests received on the Sanchar...
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Views: Response to NPCI CEO’s comments that what is not written in regulations is a no-go for fintech entities
NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...
Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...
The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...
Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...
Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...
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