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Facebook Scandals Could Hit Hardest Yet with First Profits Fall Since 2015

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By CCN.com: Facebook’s annus horribilis looks like it will continue unabated, with the social media giant likely to experience its first quarterly drop in earnings since 2015. Despite recording a $3bn turnover increase, analysts expect the company to report a profit reduction from $5 billion in Q1 2018 to $4.7 billion, when it announces its Q1 2019 results later this week. At a time when the corporation’s activities are increasingly facing scrutiny by regulators around the world due to myriad privacy breaches, legal and ethical controversies, fake news scandals and the Cambridge Analytica saga, the expected reduced profit announcement would only serve

The post Facebook Scandals Could Hit Hardest Yet with First Profits Fall Since 2015 appeared first on CCN

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* First published on ccn.com

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