Despite the data leak scandal, Facebook's profit is 63%, know what is the whole story

There has been good news for long after Facebook has caught criticism from all over.

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New Delhi: In its 14-year history, the social networking site Facebook is stuck in the most difficult consortium ever. There has been good news for long after Facebook has caught criticism from all over. Despite the data leak dispute, Facebook has succeeded in binding the users.

Facebook's results for the first quarter of this year have been released and this is the result of respiratory relief for the company and Mark Zuckerberg. In the first quarter of 2018, Facebook has profited 63% and its revenues have registered a jump of 49%.

Not to be affected by data leak controversy, increasing users

Looking at the results, it seems that Facebook has not suffered a certain loss of data leak contrast. Given the earnings from Silicon Valley based company, it was reported that Facebook's Active Monthly user added 70 million (70 million) in the last quarter and now in March this year its active monthly users increased to 2.2 billion, or 200 Has become more than crore. With this quarter result, Facebook's share price has jumped 7%.

However, it is worth noting that the privacy and Facebook analytics controversy caught the attention of the end of the quarter and the #DeleteFacebook campaign was also started in the last quarter of the quarter. In such a case, it is possible that Facebook has to suffer the consequences of this dispute in future and its future earnings are affected.

Facebook's new challenge is ready

Apart from recovering from the data leak case in front of Facebook, there is another challenge. European privacy regulation will take effect in the European countries from next month. This is a general data protection regulation. Under this, tech companies (Facebook, Google) have to get their consent before accessing the data of the people. It is believed that after this rule Facebook can cause damage to users in these countries. There will be a challenge in front of Facebook as to how to prove and maintain themselves among the strict rules.

Facebook data dispute that made Zuckerberg stand in front of Congress

At the end of the month of March, there was a big controversy about misuse of users' data on Facebook. A Political Consultancy firm Cambridge Analyca accessed data of about 50 million Facebook users via a third-party app. This data was used in US elections to influence Republican party candidates and current US president Donald Trump and influencing referendum on breakage in the US elections. Angry people fired the Facebook #DetLeadPage campaign against Twitter on Facebook.

The dispute grew so much that Mark Zuckerberg had to appear before the Senators in the US Congress and had to answer tough questions about user data. Here he apologized to the users of the world and assured the world about the countries in which they are in the future. Apart from this, Facebook's owner Zuckerberg also spoke about the Future Guideline.

These controversies were difficult for Facebook but this quarter report is about to give relief and happiness to the company.