The Presidential Daily Brief

Important

  1. Facebook

    Facebook Posts Profit Despite User Data Scandal

    In its first earnings report since the Cambridge Analytica scandal sparked concerns over the social media giant’s handling of personal data, Facebook announced yesterday its revenues have risen 49 percent year-on-year to $12 billion, far exceeding analysts’ expectations. Net income soared by nearly $2 billion, and the site’s attracted 70 million new users in 2018. The figures suggest the company is poised to weather the ongoing privacy controversy — although they may not reflect the full picture, since most of the fallout occurred after the first quarter ended.

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