Mark Zuckerberg Archives - CFO

Tech Execs Face Questions on Immunity Law

Risk & Compliance

Tech Execs Face Questions on Immunity Law

The heads of Facebook, Twitter, and Google said changes to Section 230 could change how they moderate content.

By Lauren Muskett | October 28, 2020

Facebook Zooms in on Videoconferencing

Facebook Zooms in on Videoconferencing

The company is launching Messenger Rooms as apps such as Zoom have seen usage take off since the coronavirus pandemic forced people to stay at home.

By Matthew Heller | April 27, 2020

Facebook Shares Drop 7% Despite Earnings Beat

Facebook Shares Drop 7% Despite Earnings Beat

A fourth straight quarter of revenue growth below 30% and a 34% jump in expenses may have weighed on investors.

By Matthew Heller | January 30, 2020

Should the Chairman and CEO Roles Be Held Separately?

Risk Management

Should the Chairman and CEO Roles Be Held Separately?

The percentage of companies where one person holds both posts has long been declining, but the topic remains controversial.

By David McCann | October 8, 2019

Facebook Unveils Libra Cryptocurrency

Facebook Unveils Libra Cryptocurrency

The project would bring a consumer-friendly version of digital currencies to smartphones around the world.

By Lauren Muskett | June 18, 2019

Facebook Sets Aside $3B for Possible FTC Fine

Facebook Sets Aside $3B for Possible FTC Fine

Facebook says the charge it took in the first quarter is a reasonable estimate of what it would cost to resolve an FTC privacy investigation.

By Matthew Heller | April 25, 2019

Facebook Beats on Earnings, Raises Outlook

Financial Performance

Facebook Beats on Earnings, Raises Outlook

The company is now expecting revenue growth to slow by a “mid-to-high single-digit percentage” in the fourth quarter after a 33.5% gain in Q3.

By Matthew Heller | October 31, 2018

Facebook Shares Dive on Revenue Weakness

Financial Performance

Facebook Shares Dive on Revenue Weakness

“We expect our revenue growth rates to decline by high-single-digit percentages from prior quarters sequentially in both Q3 and Q4,” CFO David Wehner says.

By Matthew Heller | July 26, 2018

Data Privacy Hoopla Is a Wake-Up Call

Data Privacy Hoopla Is a Wake-Up Call

Retailers, banks, and other companies that collect customer data online must respond to growing concern among consumers.

By David McCann | April 11, 2018

Facebook Posts Record Sales of $12.9B in Q4

Facebook Posts Record Sales of $12.9B in Q4

While changes to Facebook's news feed have reduced usage of the network, higher ad prices offset any loss in revenue.

By Matthew Heller | February 1, 2018

Facebook Scraps Share Reclassification Plan

Risk & Compliance

Facebook Scraps Share Reclassification Plan

The plan would have enabled CEO Mark Zuckerberg to maintain control of the company but ran into a shareholder class-action lawsuit.

By Matthew Heller | September 25, 2017

Facebook Revenue Soars 59% to $6.4B in Q2

Facebook Revenue Soars 59% to $6.4B in Q2

The social media giant easily beat estimates as monthly users reached 1.71 billion and mobile advertising revenue rose 81%.

By Matthew Heller | July 28, 2016

Facebook Proposes Zuckerberg Succession Plan

Facebook Proposes Zuckerberg Succession Plan

Shareholders will vote on a proposal to ensure Facebook "will not remain a founder-controlled company after we cease to be a founder-led company."

By Katie Kuehner-Hebert | June 6, 2016

Facebook’s Q1 Soundly Beats Expectations

Facebook’s Q1 Soundly Beats Expectations

The social media giant reported a 52% rise in first-quarter revenue to $5.38 billion, with mobile ads accounting for 82% of all advertising sales.

By Katie Kuehner-Hebert | April 28, 2016

Facebook’s Posts Better-Than-Expected Q4 Earnings

Facebook’s Posts Better-Than-Expected Q4 Earnings

Advertising revenue in the fourth quarter rose 57%, to $5.64 billion, beating analysts' average expectation of $5.15 billion.

By Katie Kuehner-Hebert | January 28, 2016