Facebook just had its worst week in the company’s history

Facebook just had its worst week in the company’s history

6 years ago
Anonymous $RBasgWKaIV

https://www.techradar.com/news/facebook-just-had-its-worst-week-in-the-companys-history

Despite facing a slew of controversies this year – from the Cambridge Analytica scandal, accusations of spreading violence in some countries, and spreading fake news – Facebook seemed to be on track with sales projections and profit estimates. Until this week.

The social media platform’s second quarter earnings report showed it had lost approximately a million monthly users and 3 million daily users in Europe, with no user growth in the US. According to Facebook CEO Mark Zuckerberg, the implementation of the EU’s General Data Protection Regulation (GDPR) is to be blamed.