The company explained that the review of the results is due to the negative impact on the investigations of the Federal Trade Commission, but it indicated that the company's revenues exceeded previous estimates.
She noted that the company bears legal expenses of about $ 3 billion payable in the first quarter of this year related to the issue of the ongoing FTC investigations.
Facebook's quarterly revenue increased by 26% to $ 15.08 billion, compared to $ 11.97 billion recorded in the corresponding period of 2018.
It was expected that Facebook would record revenues of $ 14.98 billion in the first three months of 2019.
Namazon Services..programmed technical analysis platform ... for UAE, Saudi, and global markets
To more: