Facebook Inc reported better-than-expected quarterly revenue on Wednesday and a ...
) Google have been under pressure to police their platforms after facing criticism for failing to counter alleged Russian interference in the 2016 U.S. presidential election.
Facebook’s existing businesses continue to grow at a fast pace. But whether it can maintain the momentum has been unclear with newer ventures including privacy-focused messaging services, its expansion into online dating or its burgeoning features for group discussions and eBay-like shopping center. Facebook, which experienced stagnant user growth in Europe and the United States in previous quarters, added daily users compared to the previous quarter in all four of its regions for the first time this year.
Even so, shares have not recovered to their record closing high of $194.32 in June 2018, just before a dramatic drop that summer amid escalating costs. Last week, Zuckerberg was grilled by U.S. lawmakers on issues from Facebook’s planned digital currency Libra to election interference.
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