"Our total revenue growth rates will continue to decelerate in the second half of 2018, and we expect our revenue growth rates to decline by high single-digit percentages from prior quarters sequentially in both Q3 and Q4". Brian Wieser of Pivotal Research, who rates Facebook shares a Sell, said the second quarter proves that the brakes are being pumped.
The company closed at $217.50 a share on the Nasdaq on Wednesday, but that was before earnings came out. In March, the company's handling of user data in the Cambridge Analytica scandal contributed to a backlash against the size and reach of the biggest tech businesses and raised concerns that regulators may soon crack down on these firms.
Facebook shares have already been through a rollercoaster of ups and downs this year, with the biggest slump coming in April after it emerged data from tens of millions of users had been acquired by Cambridge Analytica. The stock was up more than 23 per cent for the year, before it reported earnings after Wednesday's close. Revenue increased 42 per cent to US$13.2 billion, missing the US$13.3 billion Wall Street consensus.
"Founder and CEO Mark Zuckerberg has said that he has no intention of letting Facebook become a platform known for celebrating humanity's worst impulses". But the results followed a period in which data-privacy issues came under harsh scrutiny, with Zuckerberg testifying before Congress for hours on the company's missteps. For example, Google was able to wow investors this quarter even though the recent European Union fine destroyed operating margins, dropping them from 24% to 9% for Q2 2018.
And for those hoping for a swift bounce back, the company told Wall Street the numbers won't get any better this year.
Nearly all of Facebook's revenue - $13 billion of the total $13.2 billion - came from online advertising, a sector dominated by the California social network along with Silicon Valley rival Google.
Facebook's margin fell to 44 percent in the second quarter from 47 percent a year ago as it spent heavily on security and initiatives to convince users the company was protecting their privacy. "They've invested significant dollars in building out the infrastructure, sales force and AWS partner ecosystem worldwide that I think now is starting to pay just massive dividends".
In pre-market trading on Thursday, Amazon stock had dipped 1.5 percent, Netflix 1.8 percent, and Alphabet 1 percent. The report also predicted far weaker growth in the future than had been expected.
She's always said that her goal is to help others just like her get through what can seem like impossible times. The 25-year-old star told Access Hollywood in 2013 that she had a moment of reckoning when she was 19.
According to Giuliani, in his transcript of the recording , Trump says on the tape: "Don't pay with cash". President Trump speaks during a "Made in America Product Showcase" event at the White House on Monday.
Tonight may be the night one lucky person wins one of the largest jackpots in the history of the Mega Millions lottery . But having two big tickets from the same store, or even the same chain of stores? "Anything is possible.
The truce may prove to be short lived if the two sides can't resolve their differences over trade in vehicles and auto parts. Chamber of Commerce estimates those farmers will lose an estimated $12 billion from trade with China alone.
The election marked the second democratic transition of power since 17 years of military rule ended in 2008. Asked about the doubts and the allegations, he said: "We will prove ourselves that we did our job right".
FIFA's expert panel did not shortlist the past two award winners - Carli Lloyd of the US and Lieke Martens of the Netherlands. The accolade will be presented at the FIFA Football Awards ceremony in London on September 24.
South Africa has invited the leaders of 22 additional countries to participate in this week's summit, including 19 from Africa. As the member hardest-hit by Trump's trade moves, China is looking to diversify its trade ties to mitigate fallout.
In fact, one Republican senator compared the bailout plan to socialist policies - an attack the GOP usually levies on Democrats. Furthermore, we are more than 18 months removed from USA withdraw from the Trans Pacific Partnership (TPP).
At least one of the tapes is a recording of a conversation Trump had with Cohen about a payment he made to a former Playboy model. Trump said it was "inconceivable that a lawyer would tape a client - totally unheard of and perhaps illegal".
He has also inadvertently revealed the full names of his riders and their homes and neighbourhood on the streaming platform. Uber and Lyft have suspended a driver following a report that he livestreamed passengers without their expressed consent.
Net income came in at $US3.2 billion, down from $US3.5 billion in the same quarter of 2017, largely due to the European fine. In the past, Google earned as much as 97 percent of its revenues from ads, but that number has been falling.
White House defends decision to bar CNN reporter from event
CNN , in a statement, objected to the move, calling it "retaliatory in nature" and "not indicative of an open and free press". Sanders said the White House made clear that other CNN journalists were invited to the next event, just not Collins.
India PM Modi Comes With Bags Of Cash For Uganda
Projecting Uganda as a major tourist destination, he said there is a huge scope for tourism cooperation between the two countries. Currently, India doesn't have a resident mission in Rwanda, but is administered through the high commission in Kampala .
Liverpool boss Klopp admits pressure is on
But the boss, Jurgen Klopp has passionately guarded the club's history-making a move and has throne a wave of criticism apart. Liverpool last week paid the highest fee for a goalkeeper in history to sign Alisson from Roma in a deal worth £66m.