New York: Facebook's controversial debate on false news and privacy issues has diminished. The company's share of Facebook shares, the largest company in Wall Street, has been hit by the sale of the $ 120 billion market capitalization of the company.
Facebook announces annual results on Wednesday. In which Facebook received profit of $ 5.1 billion compared to 2017. Revenue increased 42 percent to $ 13.2 billion, the company said. However, the cost incurred is worrisome and the company has expressed its inability to work for the next six months. The number of Facebook's active members has dropped sharply.
It has been speculated by experts to predict the company's business impact. After this news, investors have sparked strong sales. Facebook shares fell by more than 20 percent on Wednesday (Oct. 25). On Thursday (March 26), the downfall was permanent. It is dealing with a fall of 18% to USD 176.72 billion.
No comments:
Post a Comment