wordpress blog stats
Connect with us

Hi, what are you looking for?

Key takeaways from Facebook’s earnings call: Ad revenues grow despite boycott, WhatsApp integration into messaging ecosystem imminent

Facebook managed to post record revenues in spite of the significant criticism it has faced all over the world, including in the form of ad boycotts in its home country. Revenue was up 22% through the quarter ended September 30, 2020 at $21.47 billion, while net income increased 29% to $7.85 billion year-over-year. The company also announced that it is considering integrating WhatsApp into the messaging ecosystem of Messenger and Instagram, although this isn't the first time he's made this claim. However, the company is facing a "significant amount of uncertainty" in 2021, said CFO Face Wehmer. This is largely due to the growing calls for regulations of internet platforms. Another concern for the company is the looming threat of severed transatlantic data-transfers due to the European Union's moves to ensure data privacy of its citizens. While daily and monthly active users grew globally, the figures fell in the US and Canada. This was expected, the company said, attributing it to an initial abnormal surge due to the COVID-19 pandemic. The company expects users to drop even further next quarter. Ad revenue grows in spite of boycott, backlash Facebook's ad revenue figures for the quarter come amid a challenging time for the company. The quarter had begun with calls for a boycott of the company due to an alleged failure to control hate speech during the Black Lives Matter. Even Disney, one of the largest advertisers on the platform, had cut its ad spending on Facebook. Facebook had reacted by deciding…

Please subscribe/login to read the full story.
Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?

News

After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples

News

In the case of the ‘deemed consent' provision in the draft data protection law, brevity comes at the cost of clarity and user protection

News

The regulatory ambivalence around an instrument so essential to facilitate data exchange – the CM framework – is disconcerting for several reasons.

News

The provisions around grievance redressal in the Data Protection Bill "stands to be dangerously sparse and nugatory on various counts."

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ