Facebook’s financial facade develops cracks

Reality may finally be intruding on the company’s ability to mint money, writes Shira Ovide

29th July, 2018
3
Facebook said the ruling goes beyond a process it already follows to “restrict content if and when it violates local laws".

Facebook couldn’t do anything right – except when it came to making money, where it could do nothing wrong.

That changed last week, when the company posted disappointing growth in revenue, profits and the number of visitors to its digital hangouts.

The results are still stellar by the standards of most companies, but investors in fast-growing technology companies react badly when their high hopes aren’t met, as Netflix recently found out. Facebook hit...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

Tom Maguire: Tax changes we make now could help business for years

More Business Tom Maguire 10 months ago

The Daily Briefing

The Daily Briefing