Facebook pledges to sacrifice profits for better security

  • Facebook pledges to sacrifice profits for better security

Facebook pledges to sacrifice profits for better security

Net income jumped 79 percent to $4.7bn, or $1.59 per share, from $2.6bn, or 90 cents per share, in 2016. Facebook's user numbers continue to grow as well.

Russian operatives bought the ads under cover of front groups created to look like American advocates on all sides, according to Facebook.

We'll be adding more to this story once the earnings call starts. They mostly violate rules about using fake identities to create accounts and buy ads.

If US lawmakers crack down too hard on Google, Facebook, and Twitter, the social media giants could suffer.

Facebook's shares rose around 0.7 percent in after-hours trading after closing at an all-time high of 182.66p.

In his statement to the Senate Commission investigating possible Russian interference in recent presidential elections, he said that Google continued to refine its tools to prevent attempts to "manipulate" its systems.

"But none of that matters if our services are used in ways that don't bring people closer together".

For a second day in the US Congress there are hearings about possible attempts by some Russian structures to distribute political information on Facebook, Twitter and other Internet platforms.

But CEO Mark Zuckerberg said that he has directed "teams to invest so much in security ...that it will significantly impact our profitability going forward".