Facebook shares rose more than 3% in after-hours trading, following earnings and revenue numbers that beat Wall Street expectations by MichaelFNunez
. He argued that it’s not the place of technology companies to determine what is true and what is false.earlier this month saying, “It’s not for the money, let’s start there. ...This is a very small part of our revenue.”run an advertisement with false claimsOf course, all of this debate about political ads has brought even more attention to Facebook from regulators. Senator Mark Warner on Monday asking him to reverse the policy that allows elected officials to run false ads on the platform.
Hundreds of Facebook employees have also signed a letter addressed to Mark Zuckerberg and other company executives last week that denounces the political ads policy and called it “a threat to what Facebook stands for,” according to theFacebook shares rose more than 3% in after-hours trading, following earnings and revenue numbers that beat Wall Street expectations. Facebook reported an adjusted earnings per share of $2.12 . It also reported revenue rose 29% to $17.65 billion .
Zuckerberg, on the Facebook call, said he expected the upcoming election year to be tough. “This is complex stuff. Anyone who says the answers are simple hasn’t thought about the nuances.”This post was updated to include quotes from Facebook’s earnings call and Twitter CEO Jack Dorsey’s announcement.
The company reported its third-quarter earnings after the close of trading on Wednesday. Executives are then holding a
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