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Facebook has Rs 13,800 crore for settlement in the privacy issue Separate, therefore profit down 49%

Business

  • In the April-June quarter, the profit was Rs 17, 940 crore, in the June quarter of 2018, it was Rs 35,190 crore. Was
  • Revenue increased by 28% to Rs 1.17 lakh crore; 18% increase in the average revenue per user.

California. Facebook has a profit of $ 2.62 billion (Rs 17,940 crore) in the April-June quarter. This is 49% less than the June quarter of 2018. At that time, the profit of $ 5.1 billion (Rs 35,190 crore) was made. In the case of data privacy violation, the company had set aside $ 2 billion (Rs. 13,800 crore) for settlement, so the profit was reduced. It was the same in the January-March quarter. During that time, the company had set aside $ 3 billion for legal expenditure. Facebook declared quarterly results on Wednesday.

94% share of Mobile Segment in Advertising Revenue

  1. Facebook’s revenue has risen to $ 16.9 billion (Rs 1.17 lakh crore). This is 28% higher than the previous quarter of the previous year. There is 94% share of Mobile Segment in Advertising Revenue. In April-June last year, 91% were in the quarter.

  2. April-June 2018 April-June 2019 Growth
    Daily Active Users 147.1 million 158.7 million 8%
    Monthly Active Users 223.4 million 241.4 crores 8%
    Per user average revenue $ 7.05 $ 5.97 18%
  3. According to the company, the total number of users of Facebook, Instagram and Whatsapp (Facebook Family) has increased to 210 crores per day. 270 million people are using at least one service every month.

  4. Penalties for 5 billion dollars in violation of privacy

    In terms of privacy violations, the US Federal Trade Commission (FTC) will have to repay $ 5 billion (Rs 34,500 crore) to Facebook under the settlement. Facebook had already anticipated so much fines. That’s why he kept aside $ 5 billion in the past two quarters. In March 2018, Facebook’s biggest data leak was revealed. FTC blamed Facebook for defaulting on users’ data security and announced a fine on Wednesday.

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