The world is used to seeing Facebook posting a substantial growth every quarter but since last quarter, the social media giant has been posting a marginal increase in its revenue. Multiple controversies around data breaches and fake news put the company on a sticky wicket this year. Back in July, more than $100 billion were wiped out from Facebook's market value after the company reported Q2 2018 numbers that showed stagnation in Daily Active Users. Problems seem to have continued to hit Facebook’s revenues in the third quarter, as once again, it posted a marginal increase compared to the last quarter and narrowly missed Wall Street’s estimates. The company reported that revenue increased 33% during the thirs quarter to $13.72 billion, which is lower than the average Wall Street estimate of $13.78 billion.
- ContestHot DealsAsk DigitDevworxPick a collegeAbout UsContact Us