Facebook's past year was filled with a series of privacy scandals and seemingly uninterrupted bad news, but you would not know if you looked at the company's results list. Facebook's quarterly report for 2018 has been released, and the social media giant has outperformed both revenue expectations and user growth.
In December 2018, more than 1.52 billion people used Facebook every day, an increase of 9 percent over the previous year. Monthly active users also rose 9 percent year-on-year to reach $ 2.32 billion as of December 31.
These numbers have increased 1
That's all despite a high profile 2018 privacy and security for Facebook. Among the numerous problems was the Cambridge Analytica scandal, a data breach in which hackers stole log-ins for 50 million people, and allegations that he helped disseminate hate speech in Myanmar USA, regions where the numbers last quarter either flat or fallen. Facebook also announced that a new peak of 2.7 billion people use either Facebook, Instagram, WhatsApp or Messenger every month, with 2 billion people using at least one of these four services at least once per day.
It's not good news right now: As noted by Jack Nicas on Twitter Facebook has also swallowed the fact that fake and duplicate accounts with 116 million counterfeit accounts and 255 million duplicate accounts are also active the site.
Things look nice and sunny on the financial side: revenues suggest $ 16.91 billion for the quarter and analyst estimates exceed forecasts. The company's stock also rose more than 6 percent after the announcement.
In other words, regardless of the public perception of Facebook as a company, it seems that Facebook itself is better than ever, no matter how you twist the numbers.