Facebook Says Security Investments Will affect Profitability

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Global
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Mark Zuckerberg Facebook CEO said that the company is serious about stopping abuse and that its investments in keeping “difficult content” off its social network will affect the degree of their financial gain.

“keeping our community safe is more important than maximizing our profits,” Zuckerberg stated this.

For now, Facebook reported that its third-quarter profit soared 79 percent to $4.71 billion.

The company’s top lawyer has spent the past two days given evidence to Congress alongside executives from Twitter and Google about Russia-linked accounts’ manipulation of their programmes.

Facebook has said that content from a Russian troll farm, the Internet Research organization, potentially extend as many as 126 million users.

The company’s extension doesn’t matter “if our services are used in a way that doesn’t bring people closer together or if the foundation of our society is threaten by foreign trespass,” Zuckerberg said on a call with investors to talk about Facebook’s quarterly earnings report.

Read also: Google Discover Russia Involvement In Financing Ads On You tube, Gmail

“I’ve demonstrate how trouble I am that the Russians tried to use our tools to spread mistrust.”

He said Facebook is working to strengthen the security of its social-media platform that “goes beyond elections.” Changes are concentrated on stopping abuse and harmful content, removing fake news, hate speech and other “problematic content,” he said.

Facebook says that 10,000 people work on protection and security today, and it will multiply those teams by the end of next year.

Facebook continued racking up users. Monthly users rose 16 percent to 2.07 billion. Daily users also climbed 16 percent to 1.37 billion.

Revenue from mobile advertisement made up 88 percent of total advertisement income, up from 84 percent a year ago.

Facebook shares added 1.1 percent to $184.60 in after-hours trading.

Through the close of normal-session trading Wednesday, the stock was up 59 percent since the beginning of the year, while the Standard & Poor’s 500 catalogue has raised to 15 percent.

 

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