Facebook's grim forecast: privacy push will erode profits for years

Facebook's grim forecast: privacy push will erode profits for years

5 years ago
Anonymous $RBasgWKaIV

https://www.reuters.com/article/us-facebook-results/facebooks-grim-forecast-privacy-push-will-erode-profits-for-years-idUSKBN1KF2U5

Facebook Inc's shares lost as much as a quarter of their value on Wednesday after executives said that profit margins would plummet for several years due to the costs of improving privacy safeguards and slowing usage in the biggest advertising markets.