Facebook profits likely to fall after fake news and privacy scandals

Analysts predict first quarterly drop in earnings since 2015 on $3bn rise in turnover

Facebook is this week expected to report a rare decline in profits after a string of privacy breaches and fake news scandals.

With its founder and chief executive Mark Zuckerberg under pressure to clean up the social network, analysts predict the company’s net profit will drop to $4.7bn (£3.6bn) in the first quarter, from nearly $5bn a year ago.

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From our friends over at the : Business | The Guardian

 

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