What Facebook crisis? Ad sales skyrocket to $11.8 billion, users don't #delete

What Facebook crisis? Ad sales skyrocket to $11.8 billion, users don't #delete

But the 33-year-old internet mogul managed to deflect calls for any specific promises to support possible congressional regulation of the world's largest social media network and other US internet companies.

Cambridge Analytica's former CEO, Alexander Nix, was caught on camera boasting that the firm ran Trump's digital campaign - the company holds that Nix's comments were taken out of context.

Facebook also said AggregateIQ had spent approximately $2 million on pages relating to the Brexit vote in 2016.

Millions of Americans personal data was used by political firm Cambridge Analytica, without their knowledge.

The earnings results "should give the bulls finally something to hang their hat on after the company (and its investors) have just gone through the darkest chapter in Facebook's history", GHB Insights analyst Daniel Ives said in a research note. Parliament officials were working to to make accommodations, the report said.

Schroepfer rejected the criticism saying: "You want us to say we're responsible, which we have on multiple occasions, and you want transparency on ads and other things".

Tighter regulation could make Facebook's ads less lucrative by reducing the kinds of data it can use to personalize and target ads to users, although Facebook's size means it could also be well positioned to cope with regulations.

Asked by another lawmaker whether Facebook would apologise for its "bullying" behaviour towards the media since the scandal broke, Schroepfer said: "I am sorry that journalists feel that we are trying to prevent them from getting the truth out".

Suspected Waffle House gunman thought laptop was hacked weeks before shooting
Reinking called on April 11 and identified himself as a previous customer, according to the recording obtained by the I-Team. Reinking's former coworkers and employers in Colorado have said he shared similar sentiments with them as well.

"We also found certain billing and administration connections between SCL/Cambridge Analytica and AIQ", Schroepfer wrote.

Sheryl Sandberg, Facebook's COO, played down concerns about the impact of the data crisis on the company's core advertising business. During his evidence session earlier this week, Kogan had declined to answer several questions about the NDA he had with Facebook.

He noted that he would submit the agreement to the committee following the committee's conclusion.

Facebook's CEO has said he doesn't expect the typical user to read the company's terms and conditions.

The report was being closely watched for any signs of harm to Facebook's bottom line amid a cascading controversy that has galvanized attention over privacy and sparked a backlash against behemoth tech companies.

Chief technology officer Mike Schroepfer will promise the changes for May 2019 when he appears before British parliamentarians on Thursday.

"I know that a lot of people have had questions about the business model", Zuckerberg said.

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