What Russia problem? Facebook smashes earnings forecasts

Tech giants to testify in Russia US election probe The Day Ahead			
				 
   by Paul Miles 
  Published

"We expect more scrutiny about Facebook's ad system ahead", analyst Debra Aho Williamson of research firm eMarketer said in a note.

"We're committed to investing more and doubling that number by the end of 2018".

Silicon Valley giants faced aggressive grillings by the Senate and House Intelligence Committees Wednesday over the role their platforms have inadvertently played in Russia's meddling in USA politics.

"We've raised these claims since the beginning of the year, and the leaders of your companies blew us off", Warner said. You have a huge problem on your hands and you bear the responsibility.

Mr King criticised Mr Zuckerberg and his counterparts at Twitter and Google after the companies sent their top lawyers to answer questions. The appearance was the companies' second day of hearings in Congress.

"I don't think you get it", Feinstein said. "Then they are manipulated by foreign actors and foreign agents". "We are determined to do everything we can do to minimize abuse going forward", Sandberg said.

Colin Stretch, Facebook's general counsel, also revealed at the Senate Intelligence Committee that the 126 million of its US users exposed to content from Russian accounts did not include Instagram - where an "additional 16 million people" viewed such content since October 2016.

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Facebook's General Counsel Colin Stretch, left, and Twitter's Acting General Counsel Sean Edgett, enter a Senate Intelligence Committee hearing on Russian election activity and technology, Wednesday, Nov. 1, 2017, on Capitol Hill in Washington.

"Don't let nation states disrupt our future", Burr said. Each general counsel also struggled to name an executive at their company who is specifically tasked with overseeing the threat.

What was orchestrated in St. Petersburg, Russia for a cost of about $200 in Facebook ads resulted in a real-life clash covered by local news. He noted that some who attended the events said they noticed that no one from the organizing group was there.

"This is another example of how people are lured in", said Sen.

Facebook outperformed Wall Street expectations, as it has pretty much every quarter for the past five years, but bigger issues loom for the social giant. Facebook had previously disclosed that 126 million accounts were served that content on Facebook.

From where we stand, with almost 126 million Americans having seen these downright inflammatory posts and not having thought anything of it - well, we really couldn't agree more. Mobile ad revenue continued to grow, now at 88 percent of overall ad revenue, up from 84 percent a year ago. Experts have said that the Russians' goals included promoting discord in the US and inciting violence.

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