Facebook shares surge as sales profit beat Wall Street estimates

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Facebook broke this news on company's quarterly earnings report.

Facebook's operating margin fell 11 percentage points year over year to 46% during the fourth quarter, due to higher infrastructure investments and a 42% increase in its headcount.

Facebook shares jumped 11.5 per cent to $167.67 in after-market trades that followed release of the earnings.

It seems all the attention has allowed Mark Zuckerberg to rethink his plans, as in Facebook's earnings call he now said the plans will have to wait till at least 2020. Facebook had 1.52 billion DAUs during the last quarter of 2018 - up nine percent year-over year - and 2.3 billion monthly active users.

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You have to work on the situation and, of course, we know in football you always have to improve, even when you win games". He said, " Jorginho needs movement without the ball from other players because he's used to playing at one touch ".

While a large majority of the press warns users about Facebook's practices, the social network continues to grow. The social networking company reported $2.38 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $2.18 by $0.20. The CFO did note the company is facing a deceleration of revenue growth in 2019.

Facebook CEO Mark Zuckerberg (C) testifies at a joint hearing of the Senate Judiciary and Commerce committees on Capitol Hill in Washington D.C., United States, on April 10, 2018.

ALSO READ | Whatsapp shutdown sends Twitterati into frenzy, Was it not working for you too? Shares of Google parent Alphabet Inc rose 1.4 percent in extended trading on Wednesday. However, they are still in "really early" stages of planning this move and they need more time to figure this out. Steinberg Global Asset Management now owns 5,779 shares of the social networking company's stock valued at $758,000 after buying an additional 284 shares during the period. The executive also highlighted the Stories format, which got expanded from Instagram to Facebook's native social networking platform and the Messenger app as well as reached to WhatsApp in the form of Status, is aiming to monetise "at the same levels" as the News Feed.

"In 2019, video will become an even bigger focus with formats like Stories taking center stage across the Facebook Inc. portfolio, which includes Messenger and WhatsApp alongside Instagram and Facebook", says Goldman, "We also expect growth with in-stream video as Facebook delivers more long-form, curated and original programming through Watch and IGTV".

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Mueller said in January that Gates was cooperating with "several ongoing investigations" when he sought to delay his sentencing. A spokesperson for the Southern District of NY didn't immediately respond to HuffPost's request for comment.

Advertising revenues for 2018 were a staggering $55bn.

Facebook was the most widely used platform once and no doubt everyone used to love it.

These metrics are a key signal to investors and others about how the company is doing and how quickly it's growing.

User growth across Facebook, Instagram and WhatsApp.

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"We think it's important to bring in new perspectives to the privacy team at Facebook, including people who can look at our products, policies and processes with a critical eye", Rob Sherman, Facebook's deputy chief privacy officer, told Ars Technica.