Echo Dot (3rd Gen) - Smart speaker with Alexa - Charcoal

Use your voice to play a song, artist, or genre through Amazon Music, Apple Music, Spotify, Pandora, and others. With compatible Echo devices in different rooms, you can fill your whole home with music.

Buy Now

Wireless Rechargeable Battery Powered WiFi Camera.

Wireless Rechargeable Battery Powered WiFi Camera is home security camera system lets you listen in and talk back through the built in speaker and microphone that work directly through your iPhone or Android Mic.

Buy Now

Following record FTC fine, Facebook stock pops on Q2 earnings beat – TechCrunch

0
133


Hours after receiving a record $5 billion FTC fine on privacy violations, Facebook delivered a Q2 earnings beat with revenue of $16.9 billion with $1.99 adjusted EPS compared to the Zacks Consensus Estimate of $1.90 EPS on revenue of $16.45 billion.

Facebook reported it has 1.59 billion DAUs and 2.1 billion daily active users of its family of apps. The US & Canada and Asia-Pacific contingents continued to see nearly flat growth while the company saw quicker growth in its European and “Rest of World” sectors.

EARTU4AAffxT

The company’s stock was up around 3% in after-hours trading.

Facebook detailed that it will be paying a $5 billion FTC fine and submitting to certain stipulations as was confirmed this morning, but for those hoping this agreement signaled the end of Facebook’s FTC troubles, the earnings report detailed that may not be the case. The release disclosed that last month theFTC opened an antitrust investigation of Facebook, this news follows reports of a DOJ investigation into the company — among others — as well.

“The online technology industry and our company have received increased regulatory scrutiny in the past quarter,” the earnings release reads. “In June 2019, we were informed by the FTC that it had opened an antitrust investigation of our company. In addition, in July 2019, the Department of Justice announced that it will begin an antitrust review of market-leading online platforms.”

We’ll have more details from the earnings call starting at 2:00 pm PT.



Read More

LEAVE A REPLY

Please enter your comment!
Please enter your name here