Facebook reported a better-than-expected rise in revenue and user engagement in the second quarter of 2020. Company CEO Mark Zuckerberg said that its services had a significant role during the COVID-19 pandemic.
Zuckerberg emphasised that the company’s offerings were more important now than ever before. He said that they have provided small businesses the tools they need to grow and be successful online during these challenging times.
Revenue rose 11% year-on-year to $18.6 million, with advertising alone growing 10% to $18.3 million. Net income of $5.17 million was 98% higher. A 12% rise in monthly active Facebook users took its total to 2.7 billion by 30 June. More than 3.1 billion people were now using its broader portfolio, while active advertisers surpassed 9 million.
Zuckerberg shrugged off the impact of a boycott on advertising in July, explaining Facebook’s operations relied more on small businesses than a handful of large companies. But he expressed concerns about targeted advertising online, claiming it would reduce opportunities for small businesses so much that it would probably be felt at a macro-economic level. He also said it was wrong to assume that most of the content on our services is about politics, news, misinformation or hate, emphasising the company did not seek to profit from such things.
When the largest amusement park in Germany, Europa-Park, began constructing its new Croatia area, it found inspiration in Rimac hypercars and technology for its new rollercoaster – the Voltron Nevera Powered by Rimac.
Following the end of the public delisting acquisition offer for Telefónica Deutschland, Telefónica holds approximately 96.85% of the shares in its German subsidiary.
Infobip Shift Miami, the American version of the Croatian developer conference, this week brought together a diverse technology-sector audience on the shores of Florida.
