Facebook is still growing at a slow but steady pace

Facebook is still growing at a slow but steady pace

The stock has lost 17 percent year-to-date. But the stock ended the late session rebounding almost 3 percent higher, and in Wednesday premarket trading, it's climbing again, up around 6 percent. He also said ads in videos earn "significantly less" per minute than those shown in the news feed. "Even under pressure, Facebook's producing impressive growth".

Facebook shares went for a rollercoaster ride in after-market trades as executives revealed quarterly earnings figures along with challenges and opportunities seen in shifting trends in user behaviour.

However, total global user numbers continue to slowly rise, with more than 2.2 billion people using the platform every month. Still, he said the company is committed to investing in video. The user base was still up 10 percent from 2.07 billion monthly users a year ago.

WhatsApp's "Status" feature allows users to share text, photos, videos and animated GIFs that disappear after 24 hours.

An average of 1.49 billion people used Facebook's social media service daily in September, up 9% on a year ago but below expectations of 1.51 billion.

The social network reported earnings per share of $1.76, compared to a consensus estimate of $1.47 cited by CNBC.

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"I expect 2019 to be another year of significant investment" across the company, he said.

Future revenue growth depends on Facebook's ability to shift marketers' interest to new formats - specifically ads in messaging and marketing spots embedded in a popular way of sharing called "stories", especially on Instagram.

The following day the stock plunged 19 percent.

Shares of Facebook are up 5.6% on Wednesday morning at $154.47, reflecting a 12.5% loss YTD, underperforming the tech-heavy Nasdaq Composite Index's 6.1% increase and the broader S&P 500's 2% return over the same period. Is it killing democracy?

Then there's hate speech, hacks and a massive privacy scandal in which Facebook exposed the data of up to 87 million users to a data mining firm, along with resulting moves toward government regulation of social media.

Facebook Inc. recorded lower third-quarter revenue than expected and warned that it is in the early stages of a transformation in its core businesses that will lead to slower growth and higher costs in the short term. Along with other tech companies, it face a new "digital tax " in the United Kingdom. It requests that Facebook publish a report spelling out its content policies and how it intends to tackle democratic threats, human-rights abuses, and censorship. Facebook changed how it counts users, and without that update MAUs would have been 2.28 billion in the period, it said. Users tap through them and see ads in between. Facebook shares slipped 1.5 per cent in extended trading after closing at US$146.22 in NY. Younger users were much more likely to delete the app than their older counterparts. Growth for Asian-Pacific users was 4.6%.

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